Andbank

Last updated
Andbank (Andorra Banc Agrícol Reig)
Company type Private Company
Industry Banking
Founded1930;94 years ago (1930) as Banc Agrícol i Comercial d’Andorra
Headquarters Andorra La Vella, Andorra
Key people
Manel Cerqueda Donadeu
Oriol Ribas Duró
Ricard Tubau Roca
€256 million (2016) [1]
€61 million (2016) [1]
AUM €21,989 million (2016) [2]
Total assets €4,989million (2016) [1]
Number of employees
1142 (2016) [1]
Website www.andbank.com

Andbank is a universal bank based in Andorra providing retail, private and corporate banking services in Andorra and internationally.

Contents

History

Andbank was created in August 2001 as a result of the merger between Banc Agrícol i Comercial d’Andorra (that was founded in 1930) and Banca Reig (founded in 1956). [1]

Criticism

Following Russia's invasion of Ukraine in 2022, Andbank continues its existing operations in the country. [3]

Organizational structure

The firm is privately owned by the Cerqueda and Ribas families. It is directed by a team of independent professionals.

Andbank’s Board of Directors is composed of the following individuals:

Subsidiaries

Andbank has a network of forty subsidiaries in Europe, America, and Asia, including:

See also

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References

  1. 1 2 3 4 5 Bank Profile: Andbank
  2. Annual Report 2012
  3. Romero, Pep (2022-03-25). "Andbank i Crèdit Andorrà s'han dedicat intensament a la captació de milionaris russos". La Valira (in Catalan). Retrieved 2024-12-09.