Key figures
The Andorran financial sector in figures
The Andorran financial sector in figures
The Andorran banking sector comprises a total of three banking groups with over 90 years of banking experience.
The main lines of business in the banking sector are retail banking, private banking, asset management and insurance. The sector is regulated and supervised by the Andorran Financial Authority (AFA).
Andorran banks ended 2022 with an aggregate result of €113m. In a year marked by the corporate transactions of BancSabadell d’Andorra by MoraBanc and Vall Banc by Crèdit Andorrà, the banking industry managed to grow not only in profits (+16%), but also in the volume of customer assets under management for €63.6bn (+4%).
The financial profitability of Andorra’s banking institutions, as measured by ROE, recovered in 2022 and now boasts a consolidated figure of 7.57%.
The CET 1 (phase-in) solvency ratio is 15.76% as at 31 December 2022 (according to the European criteria of Basel III).
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |