About 300 people have applied for cash withdrawal during the first working day of the new Andorran Vall banc, on 11th May. This bank was established as a result of the restructuring of Banca Privada d’Andorra on the basis of “uninfected” customer assets. The crisis associated with BPA lasted 14 months.
As the President of Vallbanc César Goyache said, “today the Bank has withdrawn about 1 million euros. However, the customers opened new accounts – totally about 100 000 euros”.
César Goyache thanked the bank employees for the work accomplished in the framework of the restructuring of BPA. He also noted that the priority task of the new bank “is to regain the trust of over 25,000 people.”