• 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.

Awards and recognition

The Financial Times Group publications note the growth, the adaptation of the business model to new digital needs and the capacity for customer service as decisive factors in awarding the accolade.

Crèdit Andorrà has been named the best bank in Andorra for private banking by the financial publications The Banker and PWM of the Financial Times Group, which annually award the best banks worldwide. The publications highlight the bank’s capacity to adapt its business model in the digital world, while maintaining and improving the relationship with its customers and promoting personalised service in today’s challenging environment. 


The rating agency highlights the bank's leadership in commercial banking and private banking, and emphasizes that it will be strengthened with the acquisition of Vall Banc

Fitch Ratings has affirmed Crèdit Andorrà, S.A.'s Long-Term Issuer Default Rating at 'BBB-', after the agreement to acquire Vall Banc, and views the operation as positive. The rating agency believes that this acquisition will consolidate Crèdit Andorrà's leading position as the largest bank in Andorra by domestic assets and market shares in loans and deposits.

  • This new agreement consolidates and continues the relationship already initiated between the two strategic partners in life insurance.
  • The aim is to continue to promote the insurance business of both entities, increase added value to clients and guarantee the competitiveness and efficiency of the business.

Crèdit Andorrà and Caser Seguros have extended their collaboration and reached a new agreement resulting in the Spanish company entering the non-life insurance business of the Andorran financial group.

  • Crèdit Andorrà and the town councils of Canillo and la Massana sign a pre-agreement on a unified snow market model
  • The initial shareholding distribution is 40.09% by Canillo, 39.66% by Crèdit Andorrà and 19.9% by la Massana, with a progressive process of parity occurring over the next six years by the latter

This Sunday, the town councils of Canillo and la Massana and Crèdit Andorrà signed a pre-agreement for the creation of a new company that aims to integrate 100% of the shares of ENSISA and EMAP, the companies that operate the Soldeu El Tarter and Pal Arinsal ski


Format: 03-07-2022
Format: 03-07-2022