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Andbank Group grows 20.5% in business volume to €32.7 billion and achieves a profit of €27 million

Andbank Group grows 20.5% in business volume to €32.7 billion and achieves a profit of €27 million

Andbank

– The Group achieved record growth of €5.58 billion in 2021, of which €5.013 billion are assets under management and €567 million are loans and receivables.
– Profit reached €27 million, including the Group’s major investments in future value in 2021. These include: the integration in Spain of Degroof Petercam Spain, which started from losses, the development and promotion of the MyInvestor neobank and the increase in the number of bankers in all the markets in which it operates.
– Andbank rolls out its new strategic plan (2022-2024) with the aim of highlighting its international commitment, growing in Andorra and taking advantage of financial disruption through its MyInvestor neobank and its venture capital manager Actyus.

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Andbank strengthens its Corporate Finance area with the incorporation of the investment banking team from Degroof Petercam

Andbank strengthens its Corporate Finance area with the incorporation of the investment banking team from Degroof Petercam

Andbank

Madrid, 13 September, 2021. Andbank, a firm specialising in private banking, is strengthening its Corporate Finance area with the incorporation of the investment banking team from Degroof Petercam Spain, a company that was acquired by Andbank in February 2021. In so doing, the team led by Oriol Huguet since 2014 will join Andbank Spain’s Corporate […]

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Andbank Spain grows 21% in the first half of the year and reaches a volume of 15.8 billion euros

Andbank Spain grows 21% in the first half of the year and reaches a volume of 15.8 billion euros

Andbank

Madrid, 26 July 2021. Andbank Spain, an entity specialising in private banking, closed the first half of 2021 with a turnover of €15.8 billion, 21% more than in December 2020. In just six months, Andbank has added EUR 2,735 million to its business as a result of the acquisition of Degroof Petercam Spain – a […]

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Carlos Aso, confirmed as CEO of the Andbank Group

Carlos Aso, confirmed as CEO of the Andbank Group

Andbank,

Appointments

Escaldes-Engordany, 1 July 2021. Andbank’s Board of Directors and the AFA (Andorran Financial Authority) have ratified the appointment of Carlos Aso as the Group’s CEO. In his new position, Aso will head a global private banking institution – with 90 years of history since its foundation in Andorra in 1930 – which currently operates in […]

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Andbank opens a correspondent account with Citibank

Andbank opens a correspondent account with Citibank

Andbank

Escaldes-Engordany, 10 June 2021.Andbank has opened a US dollar correspondent account with Citibank, a leading international institution and one of the largest banking and financial corporations in the United States. The agreement was made possible after having successfully passed a lengthy and thorough due diligence process, in which Citibank reviewed, analysed and assessed the bank’s […]

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Javier Planelles joins Andbank as the Group’s Managing Director of Technology and Operations

Javier Planelles joins Andbank as the Group’s Managing Director of Technology and Operations

Andbank,

Appointments

Escaldes-Engordany, 1 June 2021. Andbank, a global financial group specialising in private banking, has appointed Javier Planelles as the Group’s Managing Director of Technology and Operations. Previously at Cecabank, an entity which he joined 17 years ago and where, since 2016, he held the position of Corporate Director of the Operational Services Department. Planelles will […]

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