Andbank
 | |
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| Company type | Private Company |
|---|---|
| Industry | Banking |
| Founded | 1930 as Banc Agrícol i Comercial d’Andorra |
| Headquarters | Andorra La Vella, Andorra |
Key people | Manel Cerqueda Donadeu Oriol Ribas Duró Ricard Tubau Roca |
| €256 million (2016)[1] | |
| €61 million (2016)[1] | |
| AUM | €21,989 million (2016)[2] |
| Total assets | €4,989million (2016)[1] |
Number of employees | 1142 (2016)[1] |
| Website | www |
Andbank is a universal bank based in Andorra providing retail, private and corporate banking services in Andorra and internationally.
History
Andbank was created in August 2001 as a result of the merger between Banc Agrícol i Comercial d’Andorra (that was founded in 1930) and Banca Reig (founded in 1956).[1]
Criticism
Following Russia's invasion of Ukraine in 2022, Andbank continues its existing operations in the country.[3]
Organizational structure
The firm is privately owned by the Cerqueda and Ribas families. It is directed by a team of independent professionals.
Andbank’s Board of Directors is composed of the following individuals:
- Oscar Ribas Reig, Honorary Chairman
- Manuel Cerqueda Donadeu, Chairman
- Oriol Ribas Duró, Deputy
- German Castejón Fernández, Director
- Manuel Cerqueda Diez, Director representing Cerqueda Donadeu, S.A.
- Jorge Maortua, Director representing Reig Finances S.A.U.
- Manuel Ros Gener, Director
- Xavier Santamaria Mas, Director
- Jaume Serra Serra, Director
- Josep Vicens Torradas, Director representing Inversion, Gestions i Estudis, S.A.U.
- Jacobo Baltar García Peñuela, Secretary General
- Ricard Tubau Roca, CEO
Subsidiaries
Andbank has a network of forty subsidiaries in Europe, America, and Asia, including:
- Andbank Monaco SAM (Monaco)
- Andbank Luxembourg S.A. (Luxembourg)
- Andbanc Wealth Management, LLC (Miami, United States)
- Andbanc Brokerage, LLC (Miami, United States)
- Andbanc Advisory, LLC (Miami, United States)
- Andbank (Panamá) S.A. (Panama)
- Andbank (Bahamas) Limited (Bahamas)
- AND PB Financial Services, S.A. (Uruguay)
- Quest Capital Advisers Agente de Valores, S.A. (Uruguay)
- Columbus de Mexico, S.A. de CV (Mexico)
- Banco Andbank (Brasil), S.A. (Brazil)
- Andbank España S.A.U. (Spain)
- Andbank Wealth Management SGIIC S.A.U. (Spain)
- Medpatrimonia Invest S.L. (Spain)
- Sigma Portfolio Management (Israel)
See also
References
- ^ a b c d e Bank Profile: Andbank
- ^ Annual Report 2012
- ^ Romero, Pep (2022-03-25). "Andbank i Crèdit Andorrà s'han dedicat intensament a la captació de milionaris russos". La Valira (in Catalan). Retrieved 2024-12-09.