Mora Banc Grup, SA

 (3.8; 27 ratings)
3.8 27
Business Focus
international private banking, domestic retail banking

Incorporated in 1958 under the name of Banca Coma, it changed its name to Banc Internacional d’Andorra, SA in 1970 and to Mora Banc Group, SA in November 2011. MoraBanc Grup offers services in commercial banking, private banking and asset management, investment banking, wealth management and investment funds, and insurance, in addition to offering its customers differentiated and exclusive products. Mora Banc Grup and Mora Banc, SAU operate together under the MoraBanc brand name and they present their financial statements and other data in a consolidated manner.

Services

retail banking
corporate banking
private banking
asset management
financial advisory

Clients

natural persons
legal entities

Area Served

ADAndorra
internationally

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits

Account Opening

Becoming a client of Mora Banc Grup, SA can be done in a few steps:

1.
Submit online application
2.
Visit bank branch

Due to regulatory requirements Mora Banc Grup, SA performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Mora Banc Grup, SA will ask him/her to provide the following documents: passport or ID card; utility bill; employment contract, wage slip, tax return or bank reference; bank statement. For corporate clients Mora Banc Grup, SA will ask to provide corporate documentation as well as information about controlling persons. Mora Banc Grup, SA may request additional documentation or information depending on the case. Mora Banc Grup, SA performs client's identity verification via branch visit.

Ways to Bank

Mora Banc Grup, SA delivers its products and services through both direct and indirect channels, namely:
branch
online banking
mobile app

Financials

Total Assets of Mora Banc Grup, SA
Net_income of Mora Banc Grup, SA
Market Share of Mora Banc Grup, SA
Total Assets (2018)
2,787.97 mln EUR  (+8.16%)
Net Income (2018)
24.06 mln EUR  (+2.30%)
Number of Employees (2015)
399  (+8.42%)

Mora Banc Grup, SA is the 3rd largest bank in Andorra in terms of total assets. In 2018 its total assets were 2 787,97 mln EUR, providing the bank with the market share of 19.96%. In 2018 the bank's net income was 24,06 mln EUR. Mora Banc Grup, SA had 399 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

Mora Banc Grup, 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

Mora Banc Grup, 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. Mora Banc Grup, SA is a member of Andorran Deposit Guarantee Fund (Fagadi) and makes its contributions into it.

Contacts

Av. Meritxell, 96, AD500, Andorra la Vella, Andorra
+376 884488
+376 884499

Mora Banc Grup, SA is headquartered in Andorra La Vella.

Social Networks

Mora Banc Grup, SA has profiles at the following social networks:

Bank Identifiers

BIC (SWIFT)
BINAADAD
LEI
54930045NV2KF7U3GI68

Bank Supervision

Supervised By
Andorra Financial Authority
Reference Number
EB 06/95

Mora Banc Grup, SA is authorized and supervised by the Andorra Financial Authority (reference number EB 06/95).

Bank History

Founded
17 June 1958

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