Key figures

The Andorran financial sector in figures

Key figures


A strategic sector of the Andorran economy

The financial system is one of the main pillars of the Andorran economy which, together with the insurance sector, contributes to approximately 15% of Gross Domestic Product (GDP).

The Andorran banking sector comprises a total of three banking groups with over 90 years of banking experience.

The main lines of business in the banking sector are retail banking, private banking, asset management and insurance. The sector is regulated and supervised by the Andorran Financial Authority (AFA).

Andorran banks ended 2022 with an aggregate result of €113m. In a year marked by the corporate transactions of BancSabadell d’Andorra by MoraBanc and Vall Banc by Crèdit Andorrà, the banking industry managed to grow not only in profits (+16%), but also in the volume of customer assets under management for €63.6bn (+4%).

The financial profitability of Andorra’s banking institutions, as measured by ROE, recovered in 2022 and now boasts a consolidated figure of 7.57%.

The CET 1 (phase-in) solvency ratio is 15.76% as at 31 December 2022 (according to the European criteria of Basel III).

  • 2022

    2022

    (In thousands of Euros)

    Total assets

    17,975,131

    Gross credit investment

    7,314,901

    Assets under management

    63,691,957

    Results

    113,277

    ROE 

    7.57%

    ROA

    0.66%

    Efficiency ratio

    72.31%

    CET 1 solvency ratio (phase-in)

    15.76%

    Liquidity ratio (Liquidity Coverage Ratio)

    201.29%

     

    The data includes three banking groups: Andbank, MoraBanc and Creand Crèdit Andorrà.

    Source: Andorran Banking

  • 2021

    2021

    (In thousands of Euros)

    Total assets

    16,611,905

    Gross credit investment

    7,031,054

    Assets under management

    61,461,234

    Results

    97,419

    ROE 

    6.04%

    ROA

    0.60%

    Efficiency ratio

    68.35%

    CET 1 solvency ratio (phase-in)

    17.00%

    Liquidity ratio (Liquidity Coverage Ratio)

    206.06%

     

    The data includes four banking groups: Andbank, MoraBanc, Crèdit Andorrà and BSABanc.

    Source: Andorran Banking

  • 2020

    2020

    (In thousands of Euros)

    Total assets

    15,169,956

    Gross credit investment

    6,367,736

    Assets under management

    51,735,224

    Results

    83,609

    ROE 

    5.46%

    ROA

    0.55%

    Efficiency ratio

    66.78%

    CET 1 solvency ratio (phase-in)

    18.00%

    Liquidity ratio (Liquidity Coverage Ratio)

    187.12%

     

    The data includes five banking groups: Andbank, MoraBanc, Crèdit Andorrà, BancSabadell d’Andorra and Vall Banc.

    Source: Andorran Banking

  • 2019

    2019 (In thousands of Euros)
    Total assets 14,840,696
    Gross credit investment 6,094,759
    Assets under management 49,713,197
    Results 111,883
    ROE  7.70%
    ROA 0.76%
    Efficiency ratio 66.50%
    Solvency ratio (Basel III) 17.48%
    Liquidity ratio (Basel III) 223.05%
     

    The data includes five banking groups: Andbank, MoraBanc, Crèdit Andorrà, BancSabadell d’Andorra and Vall Banc.

    Source: Andorran Banking

  • 2018

    2018 (In thousands of Euros)
    Total assets 13,969,852
    Gross credit investment 5,911,097
    Assets under management 44,925,146
    Results 99,559
    ROE  7.31%
    ROA 0.71%
    Efficiency ratio 75.47%
    Solvency ratio 20.30%
    Liquidity ratio 61.83%
     

    The data includes five banking groups: Andbank, MoraBanc, Crèdit Andorrà, BancSabadell d’Andorra and Vall Banc.

    Source: Andorran Banking

  • 2017

    2017 (In thousands of Euros)
    Total assets 14,145,382
    Gross credit investment 5,982,759
    Assets under management 46,138,071
    Results €131,256
    ROE  9.85%
    ROA 0.88%
    Efficiency ratio 68.05%
    Solvency ratio 21.74%
    Liquidity ratio 65.37%
     

    The data includes five banking groups: Andbank, MoraBanc, Crèdit Andorrà, BancSabadell d’Andorra and Vall Banc.

    Source: Andorran Banking

  • 2016

    2016 (In thousands of Euros)
    Total assets 14,492,462
    Gross credit investment 6,299,918
    Assets under management 45,434,271
    Results €155,933
    ROE  9.73%
    ROA 1.03%
    Efficiency ratio 59.98%
    Solvency ratio 25.10%
    Liquidity ratio 61.41%
     

    The data includes five banking groups: Andbank, MoraBanc, Crèdit Andorrà, BancSabadell d’Andorra and Vall Banc.

    Source: Andorran Banking Association

  • 2015

    2015 (In thousands of Euros)
    Total assets 14,411,802
    Gross credit investment 6,278,629
    Assets under management 45,214,084
    Results €168,548
    ROE 10.93%
    ROA 1.19%
    Efficiency ratio 54.15%
    Solvency ratio 22.78%
    Liquidity ratio 71.24%
     

    The data includes four banking groups: Andbank, MoraBanc, Crèdit Andorrà and BancSabadell d’Andorra.

    Source: Andorran Banking Association

  • 2014

    2014 (In thousands of Euros)
    Total assets 14,046,563
    Gross credit investment 6,337,751
    Assets under management 43,965,816
    Results €183,268
    ROE 12.38%
    ROA 1.38%
    Efficiency ratio 45.35%
    Solvency ratio 20.75%
    Liquidity ratio 68.11%
     

    The data includes four banking groups: Andbank, MoraBanc, Crèdit Andorrà and BancSabadell d’Andorra.

    Source: Andorran Banking Association

  • 2013

    2013 (In thousands of Euros)
    Total assets 12,522,762
    Gross credit investment 6,152,178
    Assets under management 34,020,667
    Results €184,656
    ROE 31.24%
    ROA 1.45%
    Efficiency ratio 43.91%
    Solvency ratio 22.04%
    Liquidity ratio 67.31%
     

    The data includes four banking groups: Andbank, MoraBanc, Crèdit Andorrà and BancSabadell d’Andorra.

    Source: Andorran Banking Association