Incorporated in 1949, Crèdit Andorrà is now the largest bank in Andorra employing universal banking model to provide a wide range of services - retail, corporate banking and private banking, asset and wealth management as well as financial advising and insurance.
Due to regulatory requirements Crèdit Andorrà, SA performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Crèdit Andorrà, SA will ask him/her to provide the following documents: passport, ID card, utility bill, employment contract, wage slip, tax return, bank reference, bank statement. For corporate clients Crèdit Andorrà, SA will ask to provide corporate documentation as well as information about controlling persons. Crèdit Andorrà, SA may request additional documentation or information depending on the case.
Crèdit Andorrà, SA delivers its products and services via its branch network and online banking system.
Crèdit Andorrà, SA is the 1st largest bank in Andorra in terms of total assets. In 2018 its total assets were 5 182,23 mln EUR, providing the bank with the market share of 37.10%. In 2018 the bank's net income was 36,35 mln EUR. Crèdit Andorrà, SA had 813 employees in 2015.
Crèdit Andorrà, SA is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is BBB (good credit quality).
Crèdit Andorrà, SA participates in the deposit guarantee scheme of Andorra. This deposit guarantee scheme applies to any credit balance on a bank account made by natural persons (Andorran and foreign), legal entities (Andorran and foreign) and covers up to up to 100,000 EUR per bank per depositor. Crèdit Andorrà, SA is a member of Andorran Deposit Guarantee Fund (FAGADI) and makes its contributions into it.
Crèdit Andorrà, SA is headquartered in Andorra La Vella.
Crèdit Andorrà, SA is authorized and supervised by the Andorra Financial Authority (reference number EB 02/95).