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{{More citations needed|date=February 2019}}
{{Infobox company
{{Infobox company
|name = Andbank (Andorra Banc Agrícol Reig)
| name = Andbank (Andorra Banc Agrícol Reig)
|logo = File:Andbank logo.jpg
| logo = Andbank logo.jpg
| image = Andbank branch in April 2016.jpg
|type =
| type = [[Private Company]]
| traded_as =
| traded_as =
|foundation = 1930
| foundation = {{start date and age |1930}} as Banc Agrícol i Comercial d’Andorra
|predecessor =
| predecessor =
|location = [[Andorra La Vella]], [[Andorra]]
| location = [[Andorra La Vella]], [[Andorra]]
|key_people = Manel Cerqueda {{br}} Oriol Ribas {{br}} Jordi Comas {{br}} Ricard Tubau {{br}} Issac Alexander III
| key_people = Manel Cerqueda Donadeu {{br}} Oriol Ribas Duró {{br}} Ricard Tubau Roca
|area_served =
| area_served =
|industry = [[Private banking]]
| industry = [[Banking]]
|products =
| products =
|revenue =
| revenue =
|operating_income = €86.39 million <small>(2013)<ref name="andbank_profile">[https://thebanks.eu/banks/17733 Bank Profile: Andbank]</ref>
|net_income = €64.08 million <small>(2013)<ref name="andbank_profile"/>
| operating_income = €256 <small>million (2016)</small><ref name="andbank_profile">[https://thebanks.eu/banks/17733 Bank Profile: Andbank]</ref>
|assets = €4042.98 million <small>(2013)<ref name="andbank_profile"/>
| net_income = €61 <small>million (2016)</small><ref name="andbank_profile"/>
⚫
| assets = €4,989<small>million (2016)</small><ref name="andbank_profile"/>
|aum = 20 billion USD<ref name="AUM">[http://www.andbank.com/files/memoria2012_eng_digital_120613_1371045103_90_.pdf Annual Report 2012]</ref>
| aum = €21,989 million (2016)<ref name="AUM">[http://www.andbank.com/files/memoria2012_eng_digital_120613_1371045103_90_.pdf Annual Report 2012]</ref>
⚫
|equity = €462.84 million <small>(2013)<ref name="andbank_profile"/>
|num_employees = 752 <small>(2013)<ref name="andbank_profile"/>
| num_employees = 1142 <small>(2016)</small><ref name="andbank_profile"/>
⚫
| homepage = {{website |http://www.andbank.com }}
|caption =
⚫
|homepage = [http://www.andbank.com www.andbank.com]
}}
}}


'''Andbank''' is a [[universal bank]] based in [[Andorra]] providing retail, private and corporate banking services in Andorra and internationally.
Founded in [[Andorra]] in 1930 '''Andbank''' is the oldest firm of private bankers in [[Andorra]]. Privately owned by the third generation of the Cerqueda Family and the Ribas Family and directed by a team of independent professionals. It has a network of over 16 offices in three continents. The Powerfull Alexander Banking Family Of the 1900s Help Create the bank With There Large Amount of assets and political influence in the región.

In 1953 was taken over by the Cerqueda Family Son in Law of Issac Alexander III Diplomat and banker of the region.
==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).<ref name="andbank_profile" />

⚫
==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==
==Subsidiaries==
Andbank has subsidiaries in several European and American states:
Andbank has a network of forty subsidiaries in Europe, America, and Asia, including:


*And Private Wealth S.A. ([[Switzerland]])
*Andbank Monaco SAM ([[Monaco]])
*Andbanc Monaco SAM ([[Monaco]])
*Andbank Luxembourg S.A. ([[Luxembourg]])
*Andbanc Wealth Management, LLC (Miami, United States)
*Andbank Luxembourg SA ([[Luxembourg]])
*Andbank Wealth Management Miami ([[USA]])
*Andbanc Brokerage, LLC (Miami, United States)
*Andbanc Advisory, LLC (Miami, United States)
*Andbank (Panamá) S.A. ([[Panama]])
*Andbank (Panamá) S.A. ([[Panama]])
*Andbank (Bahamas) Limited ([[Bahamas]])
*Andbank (Bahamas) Limited ([[Bahamas]])
*Quest Capital Advisers ([[Uruguay]])
*AND PB Financial Services, S.A. (Uruguay)
*Quest Capital Advisers Agente de Valores, S.A. ([[Uruguay]])
*Columbus de México ([[Mexico]])
*Columbus de Mexico, S.A. de CV (Mexico)
*LLA Investimentos ([[Brasil]])
*Andbank Luxembourg SA. Sucursal en España ([[Spain]]). Where it has 6 offices
*Banco Andbank (Brasil), S.A. ([[Brazil]])
*Andbank España S.A.U. (Spain)
⚫
*Medpatrimonia ([[Barcelona]])
*Andbank Wealth Management SGIIC S.A.U. (Spain)
⚫
*Medpatrimonia Invest S.L. (Spain)
*Sigma Portfolio Management (Israel)


⚫
== See also ==
⚫
==Organizational structure==
{{Portal|Andorra|Banks}}
⚫
Andbank’s Board of Directors is composed of:
*Enric Palmitjavila Ribó, Director
⚫
*Manel Ros Gener, Director
⚫
*Xavier Santamaria Mas, Director
⚫
*Paulo Alexander III, Director representing RENDOS.
⚫
*Josep Vicens Torradas, Director representing IGESA
⚫
*Pere Grau Hoyos, Director representing CEDO,S.A.
*Germán Castejón Fernández, Representing Reig Finances, S.A.
*Jordi Comas Planas, Chief Executive Officer and Director
* Mariano Alexander, Chief Financial Officer

⚫
== See Also ==
*[[List of banks in Andorra]]
*[[List of banks in Andorra]]

⚫
== External links ==
⚫
* [http://www.aba.ad/ Associació de Bancs Andorrans (ABA) (Association of Andorran Banks)]
⚫
* [http://www.inaf.ad/ Institut Nacional Andorrà de Finances (INAF) (Andorran National Institute of Finances)]


== References ==
== References ==
{{reflist}}
{{reflist}}


⚫
== External links ==
⚫
* [https://web.archive.org/web/20130105061736/http://www.aba.ad/ Associació de Bancs Andorrans (ABA) (Association of Andorran Banks)]
⚫
* [http://www.inaf.ad/ Institut Nacional Andorrà de Finances (INAF) (Andorran National Institute of Finances)] {{Webarchive|url=https://web.archive.org/web/20100724042152/http://www.inaf.ad/ |date=2010-07-24 }}
* [https://andorrapartner.com/andbank/ Andbank at AndorraPartner]
{{commons}}
[[Category:Banks of Andorra]]
[[Category:Banks of Andorra]]
[[Category:Banks established in 1930]]
[[Category:1930 establishments in Andorra]]

Latest revision as of 18:17, 17 May 2024

Andbank (Andorra Banc Agrícol Reig)
Company typePrivate Company
IndustryBanking
Founded1930; 94 years ago (1930) as Banc Agrícol i Comercial d’Andorra
HeadquartersAndorra 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]
Websitewww.andbank.com

Andbank is a universal bank based in Andorra providing retail, private and corporate banking services in Andorra and internationally.

History

[edit]

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]

Organizational structure

[edit]

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

[edit]

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

[edit]

References

[edit]
  1. ^ a b c d e Bank Profile: Andbank
  2. ^ Annual Report 2012
[edit]
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