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.
Becoming a client of Vall Banc, SAU can be done in a few steps:
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; utility bill; employment contract, wage slip, tax return or bank reference; bank statement. 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.
Vall Banc, SAU is the 5th largest bank in Andorra in terms of total assets. In 2018 its total assets were 763,10 mln EUR, providing the bank with the market share of 5.46%. In 2018 the bank's net income was 2,17 mln EUR.
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.
Vall Banc, SAU is headquartered in Escaldes-Engordany.
Vall Banc, SAU has profiles at the following social networks:
Vall Banc, SAU is authorized and supervised by the Andorra Financial Authority (reference number EB 09/15).