Latest articles from Andorra

Mora Banc teaser

Andorra’s banks shake off BPA crisis hangover

July 3, 2017

Since the BPA money-laundering scandal in 2015, Andorra’s small banking system has made efforts to ensure transparency and attract business from high-net-worth individuals abroad. Stefanie Linhardt reports.

Jordi Cinca teaser

Andorra’s economy defies double hit

July 3, 2017

After eight years of low growth sparked by the 2008 downturn and a money-laundering scandal, Andorra’s economy is finally showing signs of recovery. But while government investment to boost all-season tourism and greater bank transparency helps, more diversification is needed. Stefanie Linhardt reports.

Esther Puigcercos teaser

Q&A with Esther Puigcercós Font, general manager, Associació de Bancs Andorrans (Andorran Banking Association)

February 1, 2017

The general manager of the Andorran Banking Association, Esther Puigcercós Font, tells Stefanie Linhardt how the country's banks are becoming more transparent, and explains how they are adhering to EU standards despite the country not being a member of the union.

Jordi Cinca teaser

Andorra finance minister continues on steady path to stability

February 1, 2017

Andorra’s finance minister, Jordi Cinca, explains to Stefanie Linhardt how budget consolidation and investment in tourist infrastructure are aiding the country’s slow but steady recovery from recession.

Andorra la Vella teaser

Andorra aims for a different peak

February 1, 2017

Principally renowned for its mountainous terrain and skiing resorts, Andorra is now looking for new ways to achieve year-round revenue raising. Stefanie Linhardt reports.

Andorra cycling teaser

Andorra strives to make itself noticed on an international stage

February 1, 2017

Andorra is attempting to raise its profile on the international stage by drawing attention to its increasing transparency and attractively low taxes. Stefanie Linhardt reports.

Andorra acts to save banking reputation

Andorra acts to save banking reputation

June 1, 2015

Accusations of money laundering levelled at Banca Privada d’Andorra by the US authorities threatened to destabilise the country's banking sector, so the government had to act quickly to contain the crisis. Now, Andorran authorities are keen to show that this was an isolated case and that the wider banking sector is both closely governed and performing successfully. 

Andorran banks forced to look further afield

February 1, 2012

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.

Andorra opens up

July 28, 2010

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

December 4, 2006

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.

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