Andbank Espana

Andbank Espana, S.A.U. is a monetary foundation spend significant time in confidential saving money with more than 85 years of involvement with abundance the board. Andbank España works with a financial permit approved by the Bank of Spain, enlisted with the number 0200.

Andbank Espana Outline

Andbank España is essential for the Andbank Gathering, a general bank situated in Andorra that gives retail, private, and corporate financial administrations universally. Andbank España centers around abundance safeguarding and esteem creation for its clients through quality, greatness, and autonomy. Andbank España has major areas of strength for an in the Spanish confidential financial industry, with €10.6 billion resources under administration.

History

The starting points of Andbank date back to 1930 with the establishing of Banc Agrícol I Comercial d'Andorra. Andbank started working in Spain in 2012 as a part of Andbank Luxembourg, focusing on confidential financial clients with resources surpassing 1,000,000 euros. In 2013, it began working in Spain with its own financial permit.

Key achievements in Andbank España's turn of events:

• 2014: Procured the individual and confidential financial business of Inversis Banco.
• 2018: Made Myinvestor, a fintech organization zeroed in on venture items, with support from El Corte Inglés Seguros and Axa España.
• 2020: Consolidated Merchbanc, a substance spend significant time in abundance the executives and gained the asset the board business of Esfera.
• 2021: Procured Bank Degroof Petercam Spain.

Activities

Andbank España offers specific abundance the executives and confidential financial administrations through actual workplaces, monetary consultants, and computerized banking. Andbank España gives admittance to north of 15,000 speculation reserves, in excess of 1,200 ETFs, and 7,000 protections from 30 distinct business sectors. Andbank España has an organization of 19 confidential financial focuses and works together with in excess of 127 elite specialists and 67 venture administrations organizations.

Monetary Execution

The Andbank Gathering has shown strong monetary execution. Andbank has a BBB rating from Fitch Evaluations with a steady standpoint. Starting around 2023, the Andbank Gathering had €38.2 billion in resources under administration, €40 million in net benefit, and a Level 1 capital proportion of 16.60%. The non-performing advances (NPL) proportion was 1.31%.

Values

Andbank España's incentive depends on straightforwardness, client concentration, and responsibility. The organization is exclusive by the Cerqueda and Ribas families.

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