Q: What are the main characteristics of the Andorran banking sector?
A: Andorran banking is mainly private banking. This is what the banks have done since they started. The banks have some commercial business, with some €7bn of loans, but they only come from the Andorran economy. The banks don’t lend abroad. The rest of the business is private banking, in which we have more than 85 years of experience with highly qualified personnel.
