Flag of Andorra>

Economy and Banking Sector of Andorra

Major Banks of Andorra

Rank
1
Total Assets
5,255.03 mln EUR  (+1.40%)
Market Share
35.41 %
Rank
2
Total Assets
4,574.51 mln EUR  (+2.96%)
Market Share
30.82 %
Rank
3
Total Assets
3,059.74 mln EUR  (+9.75%)
Market Share
20.62 %
Rank
4
Total Assets
1,043.10 mln EUR  (+36.69%)
Market Share
7.03 %

#1: Crèdit Andorrà, SA

Incorporated in 1949, Crèdit Andorrà provides retail, corporate banking and private banking, asset and wealth management on an international scale. Crèdit Andorrà also offers financial advising and insurance products.

Services
retail banking
private banking
wealth management
business banking
corporate and investment banking
wealth planning
Clients
natural persons
high net worth individuals
self-employed professionals
companies
Area Served
ADAndorra
internationally
Products
current accounts
salary accounts
seasonal salary accounts
children accounts
debit cards
credit cards
pension plans
retirement plans
education savings plans
consumer loans
mortgage loans
investment funds

Crèdit Andorrà, SA is the 1st largest bank in Andorra in terms of total assets. In 2019 its total assets were 5 255,03 mln EUR, providing the bank with the market share of 35.41%. In 2019 the bank's net income was 46,87 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 operates as a universal bank providing retail, private, corporate banking, assset and wealth management services in Andorra and internationally.

Services
retail banking
private banking
corporate banking
asset management
wealth management
wealth planning
Clients
natural persons
high net worth individuals
companies
Area Served
ADAndorra
internationally
Products
current accounts
salary accounts
savings accounts
pension plans
mutual funds
investment funds
consumer loans
mortgage loans
structured products

Andorra Banc Agrícol Reig, SA is the 2nd largest bank in Andorra in terms of total assets. In 2019 its total assets were 4 574,51 mln EUR, providing the bank with the market share of 30.82%. In 2019 the bank's net income was 28,04 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 as 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
private banking
asset management
online brokerage
business banking
Clients
natural persons
children and minors
public employees
self-employed professionals
high net worth individuals
entrepreneurs
companies
Area Served
ADAndorra
internationally
Products
current accounts
junior accounts
debit cards
credit cards
deposit accounts
combined deposits
savings plans
investment funds
consumer loans
car loans
mortgage loans

Mora Banc Grup, SA is the 3rd largest bank in Andorra in terms of total assets. In 2019 its total assets were 3 059,74 mln EUR, providing the bank with the market share of 20.62%. In 2019 the bank's net income was 25,14 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: Vall Banc, SAU

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

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.

Vall Banc, SAU participates in the deposit guarantee scheme of Andorra. This scheme covers accounts up to 100,000 EUR per bank per depositor.

See Also