Andbank

Andbank (Andorra Banc Agrícol Reig)

Industry	Private banking
Founded	1930
Headquarters	Andorra La Vella, Andorra
Key people	Manel Cerqueda Oriol Ribas Jordi Comas Ricard Tubau
Operating income	€86.39 million (2013)[1]
Net income	€64.08 million (2013)[1]
AUM	20 billion USD[2]
Total assets	€4042.98 million (2013)[1]
Total equity	€462.84 million (2013)[1]
Number of employees	752 (2013)[1]
Website	www.andbank.com

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.

Subsidiaries

Andbank has subsidiaries in several European and American states:

• And Private Wealth S.A. (Switzerland)
• Andbanc Monaco SAM (Monaco)
• Andbank Luxembourg SA (Luxembourg)
• Andbank Wealth Management Miami (USA)
• Andbank (Panamá) S.A. (Panama)
• Andbank (Bahamas) Limited (Bahamas)
• Quest Capital Advisers (Uruguay)
• Columbus de México (Mexico)
• LLA Investimentos (Brasil)
• Andbank Luxembourg SA. Sucursal en España (Spain). Where it has 6 offices
• Medpatrimonia (Barcelona)

Organizational structure

Andbank’s Board of Directors is composed of:

• Enric Palmitjavila Ribó, Director
• Manel Ros Gener, Director
• Xavier Santamaria Mas, Director
• 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

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)

References