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AwardsDecember 4 2006

ANDORRA

Crèdit AndorràCrèdit 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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The acquisition of another Andorran bank, CaixaBank, helped Crèdit Andorrà to strengthen its position in the local market and provided an increase of market shares in all lines of business.

Significant revenues have also been created by the offering of high added-value products and services, and by a more active management of funds, which contributed to an increase in commissions of more than 76%.

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