Crèdit Andorrà, SA

 (2.3; 12 ratings)
2.3 12
Business Focus
international private banking, domestic retail banking

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.

Services

retail banking
corporate banking
private banking
asset management
financial advisory

Clients

natural persons
legal entities

Area Served

ADAndorra
internationally

Account Opening

Becoming a client of Crèdit Andorrà, SA can be done in a few steps:

1.
Submit online application
2.
Visit bank branch

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.

Ways to Bank

Crèdit Andorrà, SA delivers its products and services through both direct and indirect channels, namely:
branch
online banking

Financials

Total Assets of Crèdit Andorrà, SA
Net_income of Crèdit Andorrà, SA
Market Share of Crèdit Andorrà, SA
Total Assets (2018)
5,182.23 mln EUR  (-5.09%)
Net Income (2018)
36.35 mln EUR  (-28.10%)
Number of Employees (2015)
813  (+8.40%)

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.

Credit Ratings

Fitch: BBB
AAA
AA+, AA, AA-
A+, A, A-
BBB+, BBB, BBB-
BB+, BB, BB-
B+, B, B-
CCC, CC, C, RD, D
Moodys: -
Aaa
Aa1, Aa2, Aa3
A1, A2, A3
Baa1, Baa2, Baa3, Baa4
Ba1, Ba2, Ba3
B1, B2, B3
Caa1, Caa2, Caa3, Ca

Crèdit Andorrà, SA is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is BBB (good credit quality).

Deposit Guarantee

Protected Amount
up to 100,000 EUR
Guarantee Fund
Andorran Deposit Guarantee Fund (FAGADI)
Covered Depositors
natural persons (Andorran and foreign)
legal entities (Andorran and foreign)
Covered Accounts
any credit balance on a bank account

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.

Contacts

Av. Meritxell, 80, AD500, Andorra la Vella, Andorra
+376 888000
+376 888021

Crèdit Andorrà, SA is headquartered in Andorra La Vella.

Bank Identifiers

BIC (SWIFT)
CRDAADAD
LEI
EE21I29HG6U2CDOO8372

Bank Supervision

Supervised By
Andorra Financial Authority
Reference Number
EB 02/95

Crèdit Andorrà, SA is authorized and supervised by the Andorra Financial Authority (reference number EB 02/95).

Bank History

Founded
21 December 1949

Similar Banks

Banca Privada d’Andorra, SA (BPA) Logo Banca Privada d’Andorra, SA (BPA)
international private banking, domestic retail banking
Banc Sabadell d’Andorra, SA Logo Banc Sabadell d’Andorra, SA
international private banking, domestic retail banking
Mora Banc Grup, SA Logo Mora Banc Grup, SA
international private banking, domestic retail banking
Mora Banc, SAU Logo Mora Banc, SAU
international private banking, domestic retail banking
Vall Banc, SAU Logo Vall Banc, SAU
international private banking, domestic retail banking

See Also

Related Articles

FATCA and European countries
8 September 2015