Vall Banc, SAU

 (3.2; 11 ratings)
3.2 11

Business Focus

international private banking, domestic retail banking

Vall Banc SAU was formed in June 2015 as a bridge bank for Banca Privada d'Andorra (BPA) to segregate BPA’s assets and liabilities that are considered to be legitimate. In 2018 Vall Banc SAU was acquired by J.C. Flowers, a private investment firm dedicated to investing globally in the financial services industry. Vall Banc offers domestic retail banking and international wealth management services.

Services

retail banking
wealth management
setting up companies
obtaining residency

Clients

natural persons
high net worth individuals

Area Served

ADAndorra
internationally

Products

current accounts
deposit accounts
combined deposits
investment funds
credit cards

Account Currencies

EUEUR (Euro)
CHCHF (Swiss franc)
USUSD (US dollar)

Card Providers

Visa

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits

See Also

Account Opening

Becoming a client of Vall Banc, SAU can be done in a few steps:

1.
Book an appointment
2.
Visit bank branch

Due to regulatory requirements Vall Banc, SAU performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Vall Banc, SAU will ask him/her to provide the following documents: passport or ID card; proof of address. For corporate clients Vall Banc, SAU will ask to provide corporate documentation as well as information about controlling persons. Vall Banc, SAU may request additional documentation or information depending on the case. Vall Banc, SAU performs client's identity verification via branch visit.

Ways to Bank

Vall Banc, SAU delivers its products and services through both direct and indirect channels, namely:
branch
online banking

Financials

Total Assets of Vall Banc, SAU
Net_income of Vall Banc, SAU
Market Share of Vall Banc, SAU
Total Assets (2019)
1,043.10 mln EUR  (+36.69%)
Net Income (2019)
2.09 mln EUR  (-3.96%)

Vall Banc, SAU is the 4th largest bank in Andorra in terms of total assets. In 2019 its total assets were 1 043,10 mln EUR, providing the bank with the market share of 7.03%. In 2019 the bank's net income was 2,09 mln EUR.

Deposit Guarantee

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

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

Contacts

Av. Carlemany, 119, AD700, Escaldes-Engordany, Andorra
+376 750 760
Website Languages
Catalan
GBEnglish
ESSpanish
FRFrench

Vall Banc, SAU is headquartered in Escaldes-Engordany.

Social Networks

Vall Banc, SAU has profiles at the following social networks:

Bank Identifiers

BIC (SWIFT)
VALBADAD
LEI
635400SWG4QSBLSJQW66

Bank Supervision

Supervised By
Andorra Financial Authority
Reference Number
EB 09/15

Vall Banc, SAU is authorized and supervised by the Andorra Financial Authority (reference number EB 09/15).

Bank History

Founded
15 June 2015

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