In Seprember 2011 Monte Paschi Monaco S.A.M. was acquired by Andorra Banc Agrícol Reig, SA and changed its name Andbanc Monaco SAM. Andbanc Monaco is specialized in international private banking, wealth management and market analysis.
Becoming a client of Andbank Monaco S.A.M. can be done in a few steps:
Andbank Monaco S.A.M. performs client's identity verification via branch visit.
Andbank Monaco S.A.M. is the 15th largest bank in Monaco in terms of total assets. In 2018 its total assets were 368,98 mln EUR, providing the bank with the market share of 0.76%. In 2018 the bank's net income was 926 000,00 EUR.
Andbank Monaco S.A.M. participates in the deposit guarantee scheme of France. This deposit guarantee scheme applies to all deposit accounts made by natural persons, legal entities and covers up to up to 100,000 EUR per bank per depositor. Andbank Monaco S.A.M. is a member of Fonds de Garantie des Dépôts et de Résolution (FGDR) and makes its contributions into it.