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Fitch upgrades Andbank’s prospects to “stable” and confirms its BBB credit rating

Fitch upgrades Andbank’s prospects to “stable” and confirms its BBB credit rating

Andbank

  • Andbank has been rated the best bank in Andorra for the third year in a row.
  • The agency believes that “the institution’s earnings and profitability will continue to improve as a result of the expansion of the volumes in the private banking business”.
  • Fitch underlines Andbank’s “satisfactory” capitalisation, its international operations and its suitable size for Andorra. It also highlights its healthy profits, the quality of its assets, its high provisions and its loan collateral.
  • The Andbank Group ended 2021 with a 20% increase in its assets under management, which climbed to 30,200 million euros. The rating agency expects “the bank to continue to implement its growth plans”.
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    Andbank dona, a través de su fondo SIGMA Global Sustainable Impact (GSI), cerca de 700.000 euros a proyectos de investigación contra el cáncer

    Andbank dona, a través de su fondo SIGMA Global Sustainable Impact (GSI), cerca de 700.000 euros a proyectos de investigación contra el cáncer

    Andbank

    – El fondo GSI, que invierte bajo criterios ESG y de impacto, cede el 9% de la comisión de gestión y el 100% de la comisión de éxito a proyectos de investigación contra el cáncer. En 3 años el fondo ha donado más de 1 millón de euros a iniciativas enmarcadas en este ámbito.
    – El proyecto STAB de la Fundación CRIS contra el cáncer en la Unidad de Inmuno-Oncología del Hospital 12 de Octubre, el programa DIAMAV de Fundación FERO en el VHIO y el de investigación de la aplicación de Inmunoterapia CART en Leucemia Linfoblástica Aguda en pacientes oncológicos infantiles del Hospital Sant Joan de Déu, son los trabajos a los que ha ido destinada la donación.
    – La investigación contra el cáncer es el eje principal de actuación de la estrategia de responsabilidad social corporativa de Andbank

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    Andbank, specialised in private banking, and Clarity Capital Group announce the merger of their Israel-based asset management activities

    Andbank, specialised in private banking, and Clarity Capital Group announce the merger of their Israel-based asset management activities

    Andbank

    Clarity Capital Group and Andbank have entered into an agreement to combine their Israel-based asset management firm Sigma Investment House with Clarity Capital KCPS. The new entity will be jointly owned by the two groups

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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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