Banca March enters Portugal to compete in private banking
The bank will operate in Portugal to advise private banking clients with assets of 500,000 euros. It does not rule out making acquisitions to accelerate growth.
Banca March is expanding its private banking services to Portugal, targeting clients with assets of €500,000 or more. The bank will open a business centre in Lisbon in early 2027 and will also offer wealth management services to clients with assets of €3 million or more, as well as services to companies. This move is part of Banca March's internationalization process, which also includes a new subsidiary in Luxembourg that obtained a banking license.
The Luxembourg subsidiary will serve as a hub for Banca March's growth in Portugal and potentially other countries. The bank is open to making acquisitions to accelerate its growth outside of Spain.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
