Crèdit Andorrà, recognised as best private bank in Andorra 2017 by the publications ‘PWM’ amb ‘The Banker’ of Financial Times Group

Awards and recognition

The president of the Board of Directors of Crèdit Andorrà, Antoni Pintat, and the CEO, Josep Peralba, collect the prize. / Photo: Crèdit Andorrà

The award follows recognition by The Banker in 2016 as Bank of the Year in Andorra

Crèdit Andorrà has been recognised as best private bank in Andorra for 2017 by the financial publications PWM and The Banker, both of the Financial Times Group. The award recognises the bank’s strong movement towards innovation in its business model and the digitalisation of Wealth Management services, as well as its adaptation to the new regulatory framework.

These prizes, which are awarded annually to the best international entities in private banking, were presented yesterday in London, in an occasion attended by the chairman of the Board of Directors of Crèdit Andorrà, Antoni Pintat, and the Chief Executive Officer, Josep Peralba.

One of the main factors on which The Banker and PWM awarded the prize is the innovation and digitalisation plan that Crèdit Andorrà is implementing in order to give the business model more added value, promote omnichannel features and improve customer servic.

In this sense, the bank is working on the definition of its new advisory services in Wealth Management and making an important investment in technological platforms which give support to digitalisation and regulatory compliance, also prioritising the security of information.

An example is Merkaat, the first digital investment advisor in Andorra, which allows clients to have comprehensive management over their investments. It offers them personal advice, provides investment proposals to suit their risk profiles and, at the same time, allows them to execute purchase and sale orders immediately for investment funds in the custody of Crèdit Andorrà.

Other initiatives in this line are new functions of electronic banking, e-Crèdit and the Crèdit Broker service, together with the new addition of the contactless payment system using cards.

Another of the points positively assessed is Crèdit Andorrà’s adaptation to the new regulatory framework and standards of transparency and cooperation. The award takes into account the updating of services and processes to international standards, in an environment in which the international banking sector, and specifically the Andorran, is immersed in a process of change and restructuring.

In addition, during this year the Crèdit Andorrà Group has emphasised the strengthening of its platform for private banking and asset management in Andorra, Europe and America. This specialised service is based on boutique services designed to measure for the needs of each client, giving a broad investment offer on the global scale and structured through a multibooking platform with open architecture.

Crèdit Andorrà’s top executives sincerely thank the bank’s clients for their trust and the Group’s human team for their efforts. Josep Peralba explains that the award represents «recognition for the bank’s solid career and efforts made in the field of private banking in adapting our services to the new paradigm and responding to the real needs of our clients, the basis of our boutique services in Wealth Management».

Other recognitions and qualifications for the Crèdit Andorrà Group

Crèdit Andorrà is the only Andorran bank classified in the annual Top 1000 ranking prepared by the Financial Times Group, which assesses and classifies the principal financial entities worldwide on the basis of their capitalisation (The Banker edition July 2017).

In the last competition for the prize as Bank of the Year in Andorra, also granted by The Banker, Crèdit Andorrà was awarded this prize (2016). For its part, the financial publication Global Banking & Finance Review also acknowledges Crèdit Andorrà for another year as the best private bank in the country.