Traditionally reliant on neighbour Spain for their customer base, Andorra’s banks have been forced to reassess their strategies in light of the country’s – and the rest of Europe’s – economic malaise. Instead, they are targeting the Latin American market, as well as disillusioned clients of Swiss banks, attracted to a national banking sector renowned for its discretion and stability.
Latest articles from Andorra
Andorra opens up
Under pressure from the international community, Andorra is trying to increase the transparency of its banking sector, while deficit-driven tax reforms could erode its tax haven status. Writer Rodrigo Amaral
ANDORRA
Crèdit Andorrà
Crèdit Andorrà has had a rewarding year. Its consolidation strategy in the personal, private and commercial banking divisions and the increased product offering resulted in a profit growth of more than 40%, breaking a sequence of flat profits in the previous two years.
What the bankers say: Andorra
The Banker invites CEOs from around the world to discuss the economic climate in their country and institution, and their hopes for the future
Andorra
AndBanc
With an overall good performance, Andbanc has proven the fastest growing bank in Andorra. Its net profits have increased by 6.68%, assets have expanded by 15.2% and return on equity reached a remarkable 18.79%.
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TheBanker: Are you on #LinkedIn? Join The Banker's LinkedIn group and discuss banking themes and issues with our editors: http://t.co/WGyeU8AS24 May 2012 13:45:57
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