Andbank España is part of the Andbank Group (2025 updated info)

Andbank Espana, S.A.U. is a financial institution specializing in private banking with over 85 years of experience in wealth management.

Andbank Espana

Andbank España operates with a banking license authorized by the Bank of Spain, registered with the number 0200.

Overview

Andbank España is part of the Andbank Group, a universal bank based in Andorra that provides retail, private, and corporate banking services internationally. Andbank España focuses on wealth preservation and value creation for its clients through quality, excellence, and independence. Andbank España has a strong presence in the Spanish private banking industry, with €10.6 billion assets under management.

History

The origins of Andbank date back to 1930 with the founding of Banc Agrícol i Comercial d’Andorra. Andbank began operating in Spain in 2012 as a branch of Andbank Luxembourg, targeting private banking clients with assets exceeding one million euros. In 2013, it started operating in Spain with its own banking license.

Key milestones in Andbank España's development:

2014: Acquired the personal and private banking business of Inversis Banco.
2018: Created Myinvestor, a fintech company focused on investment products, with participation from El Corte Inglés Seguros and Axa España.
2020: Incorporated Merchbanc, an entity specializing in wealth management and acquired the fund management business of Esfera.
2021: Acquired Bank Degroof Petercam Spain.

Operations

Andbank España offers specialized wealth management and private banking services through physical offices, financial advisors, and digital banking. Andbank España provides access to over 15,000 investment funds, more than 1,200 ETFs, and 7,000 securities from 30 different markets. Andbank España has a network of 19 private banking centers and collaborates with more than 127 exclusive agents and 67 investment services companies.

Financial Performance

The Andbank Group has shown solid financial performance. Andbank has a BBB rating from Fitch Ratings with a stable outlook. As of 2023, the Andbank Group had €38.2 billion in assets under management, €40 million in net profit, and a Tier 1 capital ratio of 16.60%. The non-performing loans (NPL) ratio was 1.31%.

Values

Andbank España's value proposition is based on transparency, customer focus, and commitment. The company is privately owned by the Cerqueda and Ribas families.