Morabanc (MoraBanc) has combined its strategy and investment teams into a new department that will optimize customer service. This new, more flexible structure will be responsible for attracting investment services professionals, who will help clients manage their savings, investments or assets according to their needs.
“Thanks to a recent agreement with Goldman Sachs Asset Management, Morabanc …
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S&P Global Ratings affirmed its ‘BBB/A-2′ long- and short-term foreign and local currency sovereign credit ratings on Andorra. The outlook is stable.
OUTLOOK
The stable outlook balances our expectation of robust economic activity and sound fiscal performance against risks related to the large size of Andorra’s financial sector. It also reflects our expectation that the upcoming
government will continue …
Andorra continues to bring its financial system in line with international standards. The Council of Ministers of Andorra has just approved a decree on the introduction of international financial reporting standards adopted by the European Union in 2017.
A technical committee established in 2016 is responsible for this event. It is a government advisory body on …
MoreAs of 1 March 2019, the Principality of Andorra and the Vatican City State / the Holy See will be part of the geographical scope of the Single Euro Payments Area (SEPA) schemes.
The inclusion of financial institutions from these two states is a natural extension of the SEPA project and demonstrates the European willingness to harmonise …
Morephoto: Govern
The Finance Minister, Jordi Cinca, presented the Budget Bill for the year 2019 this Monday. As already moved forward in the press conference after Wednesday’s Council of Ministers, this budget project is the first that fully complies with the objectives established in the Law on the Sustainability of Public Finances and Budgetary and …
MoreThe Council of Ministers today approved the award of the partial enlargement of the CG6 in particular from the section from PK 0 + 040 to PK 0 + 500, (roundabout from Aixovall to the end of the initial straight line of the CG6).
The construction work will be carried out by the company Cevalls, SAU …
Morephoto: govern
The Council of Ministers, on the proposal of the head of Culture, Youth and Sports, Olga Gelabert, has approved the granting of subsidies (aimed at implementing measures of integrated conservation, restoration, maintenance and improvement of the cultural heritage of 2018) to two restoration projects in Cal Gastó, in El Tarter, for an amount …
Morephoto: Andbank
The Andbank Group, with its commitment as a benchmark private banking international family banking and financial group, reinforces its senior management by adding a manager of recognised standing to its headquarters, reports the bank. The aim of the appointment, pending AFA authorisation, is to ensure the cohesion and standardisation of the highest private …
MoreA judge in Andorra has charged 28 people, including former officials in Venezuela, with money laundering offenses over a kickbacks-for-contracts scheme that plundered $2 billion from the Venezuelan state oil company between 2007 and 2012.
Investigating magistrate Canolic Mingorance issued the indictments on Thursday, wrapping up a five-year investigation into opaque deposits in the Banca Privada …
MoreThroughout the autumn, the Andorran parliament will continue to consider draft laws related to the regulation of the financial and banking activities of the principality. The purpose of the laws is to fulfill the requirements arising from the Monetary Agreement signed in 2010 between Andorra and the European Union.
These requirements should be explained to banks …
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