Andbank is a private, family-owned Andorran bank, originally established in 1930. Andbank specializes in private banking, asset management and financial advising. Andbank Luxembourg operates as a subsidiary of Andbank (Andorra).
Becoming a client of Andbank Luxembourg can be done in a few steps:
Due to regulatory requirements Andbank Luxembourg performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Andbank Luxembourg will ask him/her to provide the following documents: passport; proof of address. For corporate clients Andbank Luxembourg will ask to provide corporate documentation as well as information about controlling persons. Andbank Luxembourg may request additional documentation or information depending on the case. Andbank Luxembourg performs client's identity verification via branch visit.
Andbank Luxembourg is the 67th largest bank in Luxembourg in terms of total assets. In 2019 its total assets were 281,79 mln EUR. In 2019 the bank's annual profit was 1,14 mln EUR. Andbank Luxembourg had 32 employees in 2019.
Andbank Luxembourg participates in the deposit guarantee scheme of Luxembourg. This deposit guarantee scheme applies to all cash deposits made by natural persons (Luxembourg and foreign), SMEs, companies and covers up to up to 100,000 EUR per bank per depositor. Andbank Luxembourg is a member of Fonds de garantie des dépôts Luxembourg (FGDL) and makes its contributions into it.
Andbank Luxembourg is headquartered in LUXEMBOURG.