Andbank

Andbank (Andorra Banc Agrícol Reig)

Company type	Private Company
Industry	Banking
Founded	1930 (1930) as Banc Agrícol i Comercial d’Andorra
Headquarters	Andorra La Vella, Andorra
Key people	Manel Cerqueda Donadeu Oriol Ribas Duró Ricard Tubau Roca
Operating income	€256 million (2016)
Net income	€61 million (2016)
AUM	€21,989 million (2016)
Total assets	€4,989million (2016)
Number of employees	1142 (2016)
Website	www.andbank.com

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

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).

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

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

• List of banks in Andorra

External links

• Associació de Bancs Andorrans (ABA) (Association of Andorran Banks)
• Institut Nacional Andorrà de Finances (INAF) (Andorran National Institute of Finances) Archived 2010-07-24 at the Wayback Machine
• Andbank at AndorraPartner