The net profit of BancSabadell D´Andorra in 2013 has increased by 5.07% in comparison to 2012

SatelliteBancSabadell D’Andorra—one of 5 Andorran banks— finished the fiscal year of 2013 with 6 960 000 of profitability, which is  by 5,07% higher than last year level.

The finance statement will be presented for the bank-court approval on May 30 of the current year. The bank also shows a positive dynamics in the field of business development: the amount of new clients has grown by more than 10% for the last year. The total amount of investment loans, given to the clients, has made up 395 mln  euro. Alongside with that BancSabadell takes the fifths position among 5 Andorran banks, its share makes up a bit more than 10% of the total amount of the bank services of Andorra (Pyrenees).

As for the capital adequacy, that can’t be lower than 10% in accordance to European standards, BancSabadell demonstrated 22.78% for the end of 2013 fiscal year. The liquidity ratio makes up 86.58% which surpasses  minimal EU rates  (40%) twice. “In spite of the atmosphere of global crisis, financial indexes of BancSabadell demonstrate the stability of our business model”—commented the President of BancSabadell Robert Cassani.

See also Banking sector of Andorra

See also Taxes in Europe

See also Taxes in Andorra VS Taxes in France

See also Taxes in Andorra VS Taxes in Spain

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