GROUP Andbank
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Over 85 years of
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Andbank Espana acquires Degroof Petercam Spain

Andbank Espana acquires Degroof Petercam Spain
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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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
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
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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