Andbank Luxembourg

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Business Focus

private banking, asset management

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).

Services

private banking
asset management
investment management
portfolio management
fund management

Clients

high net-worth individuals

Area Served

Worldwide

Products

lombard loans
credit cards

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits

See Also

Account Opening

Becoming a client of Andbank Luxembourg can be done in a few steps:

1.
Visit bank branch

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.

Ways to Bank

Andbank Luxembourg delivers its products and services through both direct and indirect channels, namely:
branch
online banking

Financials

Total Assets of Andbank Luxembourg
Annual_profit of Andbank Luxembourg
Total Assets (2019)
281.79 mln EUR  (-19.92%)
Annual Profit (2019)
1.14 mln EUR
Number of Employees (2019)
32  (-20.00%)

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.

Deposit Guarantee

Guarantee Fund
Fonds de garantie des dépôts Luxembourg (FGDL)Fonds de garantie des dépôts Luxembourg (FGDL)
Protected Amount
up to 100,000 EUR
Eligible Depositors
natural persons (Luxembourg and foreign)
SMEs, companies
Covered Accounts
all cash deposits

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.

Contacts

4, rue Jean Monnet, 2180, LUXEMBOURG, Luxembourg
+352 27 49 76 1
+352 26 84 58 37

Andbank Luxembourg is headquartered in LUXEMBOURG.

Bank Identifiers

BIC (SWIFT)
BACALULL
LEI
5493006HBFVH9VZS2619
MFI ID
LUB00360

Bank History

Start Date
March 2010

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