Integrity and commitment
As the year ends, it is always a good time to analyze the most important impacts on our sector and how, with the values, experience and security that define us, we face the future.
The Andorran financial system has experienced a stable year with solid growth. The macroeconomic context, together with a strong business base, has pushed the results upwards. We are a key sector within the Andorran economy and we drive Andorra's economic growth with investment, innovation, financing, quality services and the recruitment of a qualified and professional employees. It should be emphasized how our dedication to excellence and personalization makes us stand out in an increasingly competitive market.
This December, the Government of Andorra and the European Commission signed an Association Agreement, after 10 years of negotiation, which will mark a turning point for Andorran banks and, by extension, for the country. The protocol for the financial market, which will have 15 years of derogation before its opening, will totally homologate the sector with the EU and will give new opportunities of growth within the Andorran market and of the Andorran entities towards the Common Market. Andorran Banking has worked with the Government to achieve, within the objectives of the negotiation, a balanced and proportional position of the sector. This agreement will redraw the panorama for the financial future of Andorra. And undoubtedly, the banking entities will do so to continue consolidating Andorra's position as a trusted financial center within and beyond our borders, providing security to its clientele.
By 2024, we will continue to fullfil our values of integrity and commitment, which set us apart, and which will allow us to grow and drive the country forward.
