Crèdit Andorrà Group

Crèdit Andorrà Group is the leading financial group in Andorra, a country that has been able to grow and prosper thanks to a favourable legal framework, a stable financial system. It has adopted the international standards issued by the Financial Action Task Force (FATF) and the Markets in Financial Instruments Directive (MiFID) in relation to the prevention of money laundering and commercial practices.

The soundness of the Group's assets, its solvency, its liquidity and track record make it the market leader in Andorra and a benchmark institution in the international financial system.

The Group has had over 65 years of experience in providing private banking services. It operates in Europe (Andorra, Spain, Luxembourg, Portugal and Switzerland) and in America (Miami, Mexico, Panama, Peru and Chile). It is currently involved in the implementation of a major internationalisation policy.

Crèdit Andorrà has always been characterised for having solvency and liquidity ratios that are above the standards set by Andorran legislation and by the Basel Accords. The credit rating agency Fitch Ratings has assigned Crèdit Andorrà with a long-term rating of “BBB” with a stable outlook, and a short-term rating of “F3” (data from June, 2016).

The Crèdit Andorrà Group was recognised as the best bank to provide private banking services in Andorra in 2013 by the Financial Times group in its magazines The Banker and PWM. Crèdit Andorrà is the first bank in Andorra to receive this award, which is given to entities that occupy a leading position as specialised private banking providers whose excellence is recognised by the international financial community. The Group's international platform was a decisive factor in obtaining the award. For the same reason, Global Banking & Finance Review has acknowledged Crèdit Andorrà for the fourth consecutive year as the best entity for private banking in Andorra in 2016. Moreover, in 2015 and in 2016 the publication has acknowledged Crèdit Andorrà’s commitment to the country and society through the Crèdit Andorrà Foundation, and has awarded it the prize for best Corporate Social Responsibility in the country.

The Banker has also named Crèdit Andorrà as Bank of the Year in Andorra seven times since 2002. The Banker highlighted the bank's first-class management and an excellent solvency ratio, as well as its solid track record based on good results and sustained growth. Furthermore, the list of the world's top 1,000 capitalised banks puts Crèdit Andorrà in 843 place (data from July 2016) and is the first Andorran bank to make it onto this list.