Proven robustness

It is very difficult to take stock of 2022 because it was a year in which we expected the economy to make a steady recovery, but nothing could be further from the truth. More uncertainties once again put us to the test: a war on the borders of Europe, which has given rise to an acute energy crisis and problems with supplies worldwide, all against the backdrop of a climate emergency that never stops worsening. The impact on prices has brought about runaway inflation that had not been seen for decades and a hike in interest rates.

 In Andorra we are also experiencing these difficulties and despite the situation the Andorran banking sector has remained solid, as well as witnessing two mergers, following which the sector had three stronger banks. These operations went smoothly without any major upheavals for customers or the market. Thanks to their sound, efficient management, banks demonstrated their significant value in the growth of Andorra’s economy through the support they give to businesses and individuals. In this context, banks once again were part of the solution.

Everything seems to suggest that the economic and social outlook will continue to be complex, but the Andorran banking sector is up to European standards having signed up to the EU’s Monetary Agreement, which ensures that the financial sector is strong and delivers value to Andorra. Banking in Andorra is a mainstay that instils confidence and provides value to customers and society so that it can continue to make progress.

I would like to take this opportunity to wish you a Merry Christmas and a prosperous 2023.

Andorran Banking wishes you a happy Christmas and a prosperous New Year!


Change to the POS terminals in circulation

Andorra is one of the countries with the most innovative POS terminals in the world, thanks to the introduction of Android technology. In 2022, banks started to replace the POS terminals in circulation for new ones with Android technology in order to deliver state-of-the-art technology to businesses in the Principality for accepting payments.

Andorran Banking gives its

support to society 

Càritas Andorrana

For the fifth year in a row, Andorran Banking has donated €6,000 to the primary health care programme of the charity Caritas that takes care of underprivileged people in need in Andorra.

Andorran Banking is sensitive to the problems that can affect Andorran society and is proud to be able to assist Caritas through its primary health care programme, because it is an organisation that is concerned with helping the people and families in Andorra most in need. 


Following along the same lines as in previous years, Andorran Banking has donated €6,000 to UNICEF’s National Committee in Andorra in the framework of the programme, Inspired Gifts, which are gifts that save the lives of the most vulnerable children.

This donation falls within the remit of Andorran Banking to assist and ensure that organisations involved in humanitarian projects are able to do their charity work.

A dreamlike winter

The first snow has fallen in Andorra and unforgettable experiences await you!