The following profiles of three unique banks in Spain complete a profile of the entire Spanish Banking System. Although not all banks are covered within this blog, the profiles of the banks given here give users an opportunities to glance at the diversity of models that is representative of the available offerings and models within the Spanish banking marketplace. This is a continued list of popular Spanish banks with details on what makes each bank unique from family owned banks, to integrative efforts in banking to provide stability to the overall economy, and to innovative and cutting edge grassroots banking that involved citizens and bank managers working together for economic solidification. From these offerings, the Spanish marketplace and its expansion seems optimistic.
March Bank is a large family bank thank took its name from the traditional Spanish family name “March.” It is focused within the niche market of savings and private financial products and services, such as wealth management services, financial advice services, support for family business, and other domestic business services that promote robust local economies. The company has been in operation since 1926, and remains stable within the Spanish economy despite the tendency and trend towards multinational acquisitions and large scale mergers. March Bank’s subsidiary channels include specialties in fund management services, pension management products, life insurance products, other brokerage manage for insurance policies and various corporate level investment products, services, and advices.
Fiare Bank is an organizational consultancy banks whose financial services and products provide post-conventional stability and certainty to conventional financial systems and ways of doing business, yet maintains a strong foundation in conventional fund management and organizational financial requirements for long term sustainability. Fiare Bank is considered a project as well as a bank, which positions it as a practical force of promotes ideals within the financial system for nonprofit management, mediation services between business, and overall intersections of democratic process and the Spanish financial system. Professional financial managers organize the detailed and specialized specifics of the banking project, as well as provide manage, however citizens provide self-organizing supervision and take on the responsibility themselves of expansion of the bank through its activities while promoting citizen investment and equity acquisition within the bank. Within a country where the major three to four large banks are focused on international and outward expansion, this banking project helps re-stabalize the grassroots and grounded approaches to banking that focus on relationships and solid local economies that are necessary in the process of building country economies from the ground up. While the project is idealistic in scope with a serious underpinning of financial expertise and experience, the localization of banking is a backbone strengthening endeavor that is complementary to centralized banking models of governance where the larger multinational banks seem to be headed, yet with a clear hesitation and even nervousness as to the viability of multinational expansion in the age of technological hybrization of companies who can cross industries as easy as they can cross borders.
Mare Nostrum Bank
Mare Nostrum Bank was formed in 2010 and is one of the newer banks in Spain that were primarily formed in a 2010 housing market crisis. Through the merger of banks, this integration effort was able to save three different saving banks and to ensure stability to the Spanish economy. Through acquisitions, More Nostrum Bank is expanding through the Mediterranean region and on various islands. The banks has now made formal moves to brand itself as Mare Nostrum Bank without reference to previous mergers, indicating an eagerness to establish itself as a major expanding force within the Spanish Banking System in the coming years.