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Economy and Banking Sector of Andorra

Major Banks of Andorra

Rank
1
Total Assets
5,182.23 mln EUR  (-5.09%)
Market Share
37.10 %
Rank
2
Total Assets
4,442.99 mln EUR  (+0.45%)
Market Share
31.80 %
Rank
3
Total Assets
2,787.97 mln EUR  (+8.16%)
Market Share
19.96 %
Rank
4
Total Assets
793.56 mln EUR  (+2.56%)
Market Share
5.68 %

#1: Crèdit Andorrà, SA

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
Andorra
internationally

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 is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is BBB (good credit quality). Crèdit Andorrà, SA participates in the deposit guarantee scheme of Andorra. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#2: Andorra Banc Agrícol Reig, SA

Andorra Banc Agrícol Reig (Andbank), SA was created in August 2001 as a result of the merger between Banc Agrícol i Comercial d’Andorra, SA (founded in 1930) and Banca Reig, SA (founded in 1956).

Andbank started the internationalization process of Andorran banks in 2001 when it opened in the Bahamas the banking entity under the name Andbanc (Bahamas) Ltd. Andbank continued its international expansion with the acquisition of other financial and banking entities, such as wealth managers, representation offices and banking licences. Andbank is the second-largest bank in Andorra.

Services
retail banking
corporate banking
private banking
asset management
financial advisory
Clients
natural persons
legal entities
Area Served
Andorra
internationally

Andorra Banc Agrícol Reig, SA is the 2nd largest bank in Andorra in terms of total assets. In 2018 its total assets were 4 442,99 mln EUR, providing the bank with the market share of 31.80%. In 2018 the bank's net income was 27,36 mln EUR.

Andorra Banc Agrícol Reig, SA is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is BBB (good credit quality). Andorra Banc Agrícol Reig, SA participates in the deposit guarantee scheme of Andorra. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#3: Mora Banc Grup, SA

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
Andorra
internationally

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 is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is BBB- (good credit quality). Mora Banc Grup, SA participates in the deposit guarantee scheme of Andorra. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#4: Banc Sabadell d’Andorra, SA

BancSabadell d’Andorra was established in Andorra 2000 as a result of the alliance between the Banc Sabadell group and a consortium of Andorran business owners.

Being the smallest bank in Andorra in terms of total assets, BancSabadell d’Andorra offers full range of banking services - retail and corporate banking, private bankings and brokerage services.

Services
retail banking
corporate banking
private banking
asset management
financial advisory
Clients
natural persons
legal entities
Area Served
Andorra
internationally

Banc Sabadell d’Andorra, SA is the 4th largest bank in Andorra in terms of total assets. In 2018 its total assets were 793,56 mln EUR, providing the bank with the market share of 5.68%. In 2018 the bank's net income was 10,25 mln EUR.

Banc Sabadell d’Andorra, SA participates in the deposit guarantee scheme of Andorra. This scheme covers accounts up to 100,000 EUR per bank per depositor.

See Also