Key figures
The Andorran financial sector in figures
Key figures
A strategic sector of the Andorran economy
The financial system is one of the main pillars of the Andorran economy which, together with the insurance sector. It contributes to 13% of GDP and up to 19% taking into account the sector’s indirect contribution*
The Andorran banking sector comprises a total of three banking groups with over 90 years of banking experience.
The main business areas of banking entities are commercial banking, private banking and asset management and insurance, and are regulated and supervised by the Andorran Financial Authority (AFA), the Financial Intelligence Unit of Andorra (UIFAND) and by the State Agency for the Resolution of Banking Entities (AREB).
Andorran banks achieved profit of 163 million in 2023, up 44% on the previous year. Assets under management totalled €74,187 million euros, 16% more than in 2022.
The financial profitability of the entities, measured with the ROE, presents in 2023 a consolidated data of 10.38%.
The CET1 solvency ratio (Regulatory) is from 17.00% to 31 December 2023 (according to Basel III).
* Report by the Andorran Banking Observatory “Contribution of the financial sector to the Andorran economy”.
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2023
2023 (In thousands of Euros)
Total assets 18,737,565
Gross credit investment 7,427,919
Assets under management 74,186,696
Results 162,739
ROE 10.38%
ROA 0.89%
Efficiency ratio 63.05%
CET 1 solvency ratio (Regulatory) 17.00%
Liquidity ratio (Liquidity Coverage Ratio) 228.33%
The data includes three banking groups: Andbank, MoraBanc and Creand. Source: Andorran Banking
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2022
2022 (In thousands of Euros)
Total assets 17,975,131
Gross credit investment 7,314,901
Assets under management 63,691,957
Results 113,277
ROE 7.57%
ROA 0.66%
Efficiency ratio 72.31%
CET 1 solvency ratio (phase-in) 15.76%
Liquidity ratio (Liquidity Coverage Ratio) 201.29%
The data includes three banking groups: Andbank, MoraBanc and Creand Crèdit Andorrà. Source: Andorran Banking
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2021
2021 (In thousands of Euros)
Total assets 16,611,905
Gross credit investment 7,031,054
Assets under management 61,461,234
Results 97,419
ROE 6.04%
ROA 0.60%
Efficiency ratio 68.35%
CET 1 solvency ratio (phase-in) 17.00%
Liquidity ratio (Liquidity Coverage Ratio) 206.06%
The data includes four banking groups: Andbank, MoraBanc, Crèdit Andorrà and BSABanc. Source: Andorran Banking
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2020
2020 (In thousands of Euros)
Total assets 15,169,956
Gross credit investment 6,367,736
Assets under management 51,735,224
Results 83,609
ROE 5.46%
ROA 0.55%
Efficiency ratio 66.78%
CET 1 solvency ratio (phase-in) 18.00%
Liquidity ratio (Liquidity Coverage Ratio) 187.12%
The data includes five banking groups: Andbank, MoraBanc, Crèdit Andorrà, BancSabadell d’Andorra and Vall Banc. Source: Andorran Banking
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2019
2019 (In thousands of Euros) Total assets 14,840,696 Gross credit investment 6,094,759 Assets under management 49,713,197 Results 111,883 ROE 7.70% ROA 0.76% Efficiency ratio 66.50% Solvency ratio (Basel III) 17.48% Liquidity ratio (Basel III) 223.05% The data includes five banking groups: Andbank, MoraBanc, Crèdit Andorrà, BancSabadell d’Andorra and Vall Banc.
Source: Andorran Banking
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2018
2018 (In thousands of Euros) Total assets 13,969,852 Gross credit investment 5,911,097 Assets under management 44,925,146 Results 99,559 ROE 7.31% ROA 0.71% Efficiency ratio 75.47% Solvency ratio 20.30% Liquidity ratio 61.83% The data includes five banking groups: Andbank, MoraBanc, Crèdit Andorrà, BancSabadell d’Andorra and Vall Banc.
Source: Andorran Banking
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2017
2017 (In thousands of Euros) Total assets 14,145,382 Gross credit investment 5,982,759 Assets under management 46,138,071 Results 131,256 ROE 9.85% ROA 0.88% Efficiency ratio 68.05% Solvency ratio 21.74% Liquidity ratio 65.37% The data includes five banking groups: Andbank, MoraBanc, Crèdit Andorrà, BancSabadell d’Andorra and Vall Banc.
Source: Andorran Banking
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2016
2016 (In thousands of Euros) Total assets 14,492,462 Gross credit investment 6,299,918 Assets under management 45,434,271 Results 155,933 ROE 9.73% ROA 1.03% Efficiency ratio 59.98% Solvency ratio 25.10% Liquidity ratio 61.41% The data includes five banking groups: Andbank, MoraBanc, Crèdit Andorrà, BancSabadell d’Andorra and Vall Banc.
Source: Andorran Banking Association
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2015
2015 (In thousands of Euros) Total assets 14,411,802 Gross credit investment 6,278,629 Assets under management 45,214,084 Results 168,548 ROE 10.93% ROA 1.19% Efficiency ratio 54.15% Solvency ratio 22.78% Liquidity ratio 71.24% The data includes four banking groups: Andbank, MoraBanc, Crèdit Andorrà and BancSabadell d’Andorra.
Source: Andorran Banking Association
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2014
2014 (In thousands of Euros) Total assets 14,046,563 Gross credit investment 6,337,751 Assets under management 43,965,816 Results 183,268 ROE 12.38% ROA 1.38% Efficiency ratio 45.35% Solvency ratio 20.75% Liquidity ratio 68.11% The data includes four banking groups: Andbank, MoraBanc, Crèdit Andorrà and BancSabadell d’Andorra.
Source: Andorran Banking Association
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2013
2013 (In thousands of Euros) Total assets 12,522,762 Gross credit investment 6,152,178 Assets under management 34,020,667 Results 184,656 ROE 31.24% ROA 1.45% Efficiency ratio 43.91% Solvency ratio 22.04% Liquidity ratio 67.31% The data includes four banking groups: Andbank, MoraBanc, Crèdit Andorrà and BancSabadell d’Andorra.
Source: Andorran Banking Association