The Andbank Group increases profits by 10% to €50.6 million and reaches a turnover of €66.15 billion, up 26.3%

Escaldes-Engordany, 9 April 2026.

The Andbank Group closed 2025 with a profit of €50.6 million, 10% more than the previous year’s figure. The Group’s margin from ordinary activities increased by 9.1% to €319 million and the operating margin by 7.8% to €77 million.

By country, Spain contributed €24 million to the Group’s profit, Andorra €10 million, Monaco €8.5 million, Luxembourg €7 million and €1 million came from other countries. As such, international subsidiaries have contributed €40 million to the bank’s profit.

Turnover reached €66.150 billion, with a record increase of €13.788 billion, up 26.3% from the previous year. Assets under management grew by 26.8% to €61.969 billion, increasing by €13.08 billion, and credit investment increased by 20.4%, to €4.181 billion. The acquisition of new business has added an asset volume of €10.187 billion, an increase of 30.6%, and the revaluation of customer portfolios – with an average of 5.9% – €2.894 billion.

Spain is the main driver of growth, with an increase of 33.9% reaching €40.261 billion euros. In Andorra, the bank increased its turnover by 15.7%, to €7.621 billion, and its credit investment by 23%, reaching €1.272 billion.

In the words of Manel Cerqueda Donadeu, President of Andbank, “our profit has grown by double digits for the fourth consecutive year.” For his part, Carlos Aso, CEO of Andbank, highlights that “customer assets are growing at record rates thanks to the extraordinary team of professionals at the Andbank Group.”

Andbank increased its equity by 11% to €810 million. The TIER1 solvency ratio stood at 18.2% consolidated with a Group CET1 of 16.4%. The LCR liquidity ratio stood at 335%, more than three times the minimum liquidity coverage ratio of 100% and well above the European average (163%). For its part, the LTD (Loan to Deposit) ratio stood at 46%.

In 2025, Fitch Ratings confirmed Andbank’s BBB rating with a stable outlook, positioning it as the bank with the best rating in Andorra for another year.
The rating agency highlighted the bank’s international presence, its business scale, a moderate risk profile, good asset quality, adequate profitability, adequate capitalisation and conservative liquidity management as key factors for this assessment.

Key operations
The subsidiary MyInvestor, 53% owned by the Andbank Group, closed a capital round of €30 million at the end of the year with a valuation of the bank exceeding €300 million.

On another note, in 2025 the sale of Andbank’s banking licence in Brazil to Creditas was closed and, after a carve-out operation (spin-off), 75% of the private banking business is left in the hands of Andbank.

During the first quarter of 2026, the Andbank Group closed the issuance of AT1 capital for €50 million and 10-year Tier-2 debt for €50 million.

Commitment to society
In 2025, Andbank continued to strengthen its commitment to corporate social responsibility, focusing especially on cancer research. The Group continued to support the SJD Pediatric Cancer Center in Barcelona, the FERO Foundation, the Contigo Foundation and CRIS against Cancer. In addition, Andbank participated in several initiatives with NGOs to support institutions that operate in the communities where the Group has a presence.