Vall Banc, SAU (Andorra)

(3.2; 11 ratings)

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

Andorra

internationally

Products

current accounts

deposit accounts

combined deposits

investment funds

credit cards

Account Currencies

EUR (Euro)

CHF (Swiss franc)

USD (US dollar)

Card Providers

International Transfers

SWIFT Transfers

SEPA Credit Transfers

SEPA Instant Transfers

SEPA Direct Debits

Account Opening

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

Book an appointment

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 (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

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

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.