• The award highlights the bank’s strategy focused on strengthening business growth and the progress of the country with strategic alliances, the international consolidation of the new Creand brand and greater added value for customers through digitalisation and specialisation.
  • It is the second award received by the bank this year from ‘The Banker’, which in early November named Crèdit Andorrà the Best Private Bank in Andorra.

Crèdit Andorrà has been named Bank of the Year in Andorra by The Banker, a leading publication in th

  • This distinction is reserved for vehicles ranked among the top 10% of funds in the same category, based on risk-adjusted returns.

The Creand Global FI fund, managed by Creand Asset Management (Gesalcalá, SGIIC, SAU), has obtained the five-star rating from Morningstar at three years, the highest rating awarded by the world’s leading independent investment fund research provider. This rating is reserved for the top 10% of funds in each category, based on risk-adjusted returns data.

Awards and recognition
  • The Banker and Professional Wealth Management (PWM) of the Financial Times publishing group highlight strategic alliances and corporate operations as key to growth.
  • The judging panel also underlines the international brand unification and expansion of the investment product offering as factors meriting the award.
  • This is the second year in a row that Crèdit Andorrà has received this award.

Crèdit Andorrà has been named the best private bank in Andorra for the second year in a row by the finan

Economy and finance

  • The ratings agency upgrades the outlook to stable as a result of growth and improved profitability following the merger with Vall Banc.
  • The report highlights the bank’s adequate capitalisation and its sound liquidity.

Fitch Ratings has affirmed Crèdit Andorrà’s long-term rating at ‘BBB-’ and upgraded the outlook to stable.


• The institution will materialise the operational integration on the coming weekend, after having notarised the commercial merger. 

• The operation involves the integration of approximately 1.9 billion euros in business volume acquired on 11 February, when the acquisition of Vall Banc was formalised.


Awards and recognition
  • This year the award recognises financial institutions that have reaffirmed their commitment to the needs of their customers, in a complicated market environment
  • The magazine has considered the bank's strategy to drive future growth and meet the challenges facing the sector

Crèdit Andorrà has been named the best bank in Andorra in 2022 by Global Finance, the New York-based magazine for financial industry professionals worldwide.


• The Bank reaffirms its leadership in supporting the economy, the business fabric and people, with a loan investment that grew to EUR 2.523 billion, and the progress of the country by participating in the creation of SETAP 365.

• International growth continued its upward trend with a 33.63% increase in international business volume.

• The total regulatory capital ratio increased to 18.09% (16.36% CET1).


• The awards are in recognition of Crèdit Andorrà’s understanding of banking of the future, based on digitalisation and a commitment to sustainability 

• The bank is driving the digitalisation of its services and processes and it has consolidated an increase in the use of its e-Crèdit online banking platform 

• In 2021, Crèdit Andorrà reasserted its pioneering role as the first bank in Andorra to sign the UNEP FI Principles for Responsible Banking


• The operation results in a stronger and more robust group, allowing the bank to progress towards achieving the targets set in the 2021-2023 Strategic Plan

Crèdit Andorrà has completed the acquisition of 100% of Vall Banc, which was formerly part of the J.C. Flowers & Co. fund. The bank ratified the agreement announced in September, which received authorisation from the relevant supervisory bodies: the Andorran Financial Authority and the Spanish CNMV. With this agreement, Vall Banc now forms part of the Crèdit Andorrà Group. 


The consuls of Canillo and La Massana and the CEO of Crèdit Andorrà signed the shareholders’ agreement

The new company SETAP365, which was created from the integration of EMAP and ENSISA, has been formally established since this afternoon. The articles of association were signed before a notary by Ms Olga Molné and Ms Eva Sansa on behalf of the Comú of La Massana, Mr Francesc Camp and Mr Marc Casal on behalf of the Comú of Canillo, and Mr Xavier Cornella as CEO of Crèdit Andorrà.


Format: 28-01-2023
Format: 28-01-2023