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Andbank Espana acquires Degroof Petercam Spain

Andbank Espana acquires Degroof Petercam Spain

Andbank

Madrid, Spain – June 2020 Andbank Espana S.A.U. (“Andbank Espana”) and Bank Degroof Petercam SA (“Degroof Petercam”) announced today the signing of a share purchase agreement for the acquisition of Bank Degroof Petercam Spain S.A., a wholly owned subsidiary of Degroof Petercam, by Andbank Espana. Under the agreement, Andbank Espana will acquire 100% of the […]

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The use of Andbank’s digital channels increased by  20% in March and April

The use of Andbank’s digital channels increased by 20% in March and April

Andbank

Escaldes-Engordany, 26th May 2020 The use of digital channels by Andbank’s clients and users has risen by 20% in recent months due to the lockdown and the health prevention environment caused by the COVID-19 pandemic. In this regard, the institution’s data reveal that the increase in the number of online banking accesses has been gradual […]

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Andbank Spain achieves record profits totalling 10.9 million euros, a 38% increase

Andbank Spain achieves record profits totalling 10.9 million euros, a 38% increase

Andbank

Madrid, 4 May 2020. Andbank Spain, an entity specialising in private banking, ended 2019 with consolidated profits totalling 10.9 million euros (under IFRS regulations), a rise of 38% set against the previous year. The bank’s turnover in Spain amounted to 10.599 billion euros, a figure representing an upturn of 10% compared with the closure of […]

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Fitch confirms Andbank’s BBB rating

Fitch confirms Andbank’s BBB rating

Andbank

Escaldes-Engordany, 20th April 2020. Fitch has confirmed Andbank’s BBB long-term credit rating. The rating agency has revised the outlook from stable to negative due to the current environment caused by the coronavirus pandemic, underscoring that Andbank has headroom to emerge from the crisis with its ratings intact. According to Fitch, “these expectations are primarily driven […]

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Andbank hace una aportación de 100.000 euros para apoyar las medidas contra el COVID-19

Andbank hace una aportación de 100.000 euros para apoyar las medidas contra el COVID-19

Andbank

Andorra, 1 de abril de 2020. Andbank, en un gesto de responsabilidad y compromiso con el país, ha hecho un donativo inicial de 100.000 euros para ayudar a mitigar los efectos tanto sanitarios como económicos que está marcando el COVID-19.

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Andbank and the Andorran Swimming Federation renew their collaboration for two more years

Andbank and the Andorran Swimming Federation renew their collaboration for two more years

Andbank

Andorra, 11 March, 2020. Andbank and the Andorran Swimming Federation (FAN) have today announced the renewal of the collaboration agreement signed in 2018 by both entities for two more years during a press conference held at the bank’s headquarters in Escaldes-Engordany.

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