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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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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 achieved a volume of assets under 
management totalling 23,842 million euros in 2019

Andbank achieved a volume of assets under 
management totalling 23,842 million euros in 2019

Andbank

Andorra, 27th February 2020. Andbank, an international group specialising in private banking, ended 2019 with a volume of assets under management totalling 23,842 million euros, which represents an increase of 2,067 million euros, a figure 9.6% higher than that recorded in the previous year. Similarly, the credit investment stood at 1,611 million euros, above the […]

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Andbank strengthens its management structure

Andbank strengthens its management structure

Andbank

Madrid, 24 February 2020. Andbank, an international group specialising in private banking, has appointed Alex Fusté as Director of Investments at Andbank Spain and member of the board of directors of the Spanish private bank. Furthermore, the bank has also appointed Juan Luis García Alejo as Director of Global Asset Management and General Director of […]

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Andbank’s funds surpass previous records in 2019 and endorse the entity’s asset management division

Andbank’s funds surpass previous records in 2019 and endorse the entity’s asset management division

Andbank

Andorra, 17 February 2020. Andbank’s asset management department, which is in charge of managing client assets and is made up of a team of over 40 professionals distributed over 12 countries, has surpassed all previous yielding records in 2019.

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