Andbank

Andbank (Andorra Banc Agrícol Reig)

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).

Criticism

Following Russia's invasion of Ukraine in 2022, Andbank continues its existing operations in the country.

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