Andbank

What Andbank does

Andbank is a family-owned private banking group headquartered in Escaldes-Engordany, Andorra, founded in 1930, and operating under the legal entity Andorra Banc Agrícol Reig, S.A. The group specialises exclusively in private banking and wealth management, serving high-net-worth individuals and families through dedicated relationship managers across a network of locally licensed banking entities in eleven countries, including Andorra, Spain (Madrid and Barcelona), Monaco, Luxembourg, Switzerland (Geneva), Brazil (São Paulo), the United States (Miami), Panama, and Uruguay. Service lines span discretionary portfolio management, comprehensive global advisory, real estate investment, family office, and independent financial advisor support, supported by regulated asset management subsidiaries in Spain (SGIIC), Luxembourg, and Andorra (SGOIC) and an insurance arm. Reported FY2025 metrics include profit of €50.6 million (+10% YoY), business volume of €66.15 billion (+26.3%), and assets under management of €48.89 billion (+27.7% in FY2024); TIER1 solvency stood at 18.2% with CET1 of 16.4%, and Fitch assigned a BBB rating — the highest among Andorran banks.

The technology backbone consists of country-specific home banking and mobile platforms (Banca Personal Digital) with biometric identity verification, online account opening with digitalised signatures, EMV chip card security at Andbank ATMs, and digital certificate encryption across the online portal. These are conventional banking security layers rather than AI-driven capabilities. Distribution is executed through field-based private bankers backed by the corporate website, market analysis publications authored by the bank's chief economist, dedicated investor relations materials, and selective sports and cultural sponsorships.

Revenue is generated primarily through recurring fees and commissions on private banking mandates, asset management fees on AUM, performance fees, and co-investment returns from strategic stakes. The Actyus fintech investment vehicle deploys capital into startups and may generate capital gains and referral pipelines, while MyInvestor operates as a digital investment co-investment platform. Syndications such as the €37M Labiana Health loan (February 2026) and the €200M Terram Inveready Credit Partners private debt fund launch (2026) represent incremental moves into corporate lending and alternative credit as a third-party capital allocator, expanding the revenue mix beyond traditional fee-based private banking.

Name

Andbank

Legal name

Andorra Banc Agrícol Reig, S.A.

Website

https://andbank.com

Company type

Private

Founded year

1930

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Family-owned private banking group founded in 1930 in Andorra, operating in eleven countries through locally licensed entities. Provides discretionary portfolio management, global advisory, family office, and asset management services to high-net-worth individuals and families.

Ownership category

akta.pro rank

Product category

Private Banking

NAICS

Commercial Banking (522110), Credit Intermediation and Related Activities (522)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Private Banking Cross-Border & International Wealth Services (FSABADAL)

akta.pro secondary industry

Private Banking Lending (Securities-Backed, Real Estate, Structured Credit) (FSABADAE)

Keywords

• Private banking services
• Wealth management
• Asset management
• Family office services
• Discretionary portfolio management

Headquarters

HQ city

Escaldes

HQ country

Andorra

HQ region

Europe

Offices10 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Private Banking Fees and Commissions: Andbank generates revenue primarily through fees and commissions charged for private banking services including discretionary portfolio management, global advisory, real estate investment management, and investment instruments. These include management fees on assets under management and transaction-based commissions.
2. Asset Management (Funds): Through its asset management division and Actyus vehicle, Andbank manages investment funds generating management fees and performance fees. The company also invests its own capital in fintech and startup companies for capital gains and strategic returns.
3. Co-Investment Returns: Andbank participates as a co-investor in private debt platforms and alternative investment vehicles, earning returns on deployed capital alongside partners such as Inveready and Terram Capital.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Andbank is a family-owned private banking group that provides discretionary portfolio management, global financial advisory, real estate investment, family office services, and investment instruments to high-net-worth individuals and families across 11 countries. Through licensed banking entities in Andorra, Spain, Monaco, Luxembourg, and Brazil, and fund management entities in Luxembourg and Spain, it also delivers asset management and the Actyus fintech investment vehicle, supported by home banking and mobile digital platforms.

Product overview

Andbank is a private banking group offering a comprehensive wealth management platform with presence across 11 countries. The core offering centers on Private Banking services including discretionary management, global advisory, real estate investment, and investment instruments. Supporting the private banking core, the group provides Asset Management through its fund management entities (Andbank Wealth Management España, ANDBANK Asset Management Luxembourg, Andorra Gestió), with Actyus specifically focused on fintech investments. The group operates multiple banking licenses (Andorra Banc Agrícol Reig, ANDBANK España, Andbank Monaco, ANDBANK Luxembourg, Banco Andbank Brasil) alongside specialized subsidiaries in wealth advisory (And Private Wealth SA, QUEST Wealth Advisers, Andbanc Advisory), fund management, and insurance across Europe, Americas, and Panama.

Differentiator

Problem solved

Functional benefit

Brands

• Actyus: Smart money for disruptors - invests and creates value in fintech companies
• MyInvestor
• And Private Wealth SA
• QUEST Wealth Advisers

Products and services

• Private Banking (Banca Privada) Core private banking service for high-net-worth individuals, delivering discretionary portfolio management, global advisory, real estate investment, investment instruments, family office, and independent financial advisor support across 11 countries.
• Asset Management Professional investment fund management across multiple asset classes, with teams managing funds via Andbank Wealth Management España SGIIC, ANDBANK Asset Management Luxembourg, and Andorra Gestió Agrícol Reig SGOIC.
• Family Office Integrated wealth, legal, and tax planning service for affluent families across generations, delivered within the private banking platform.
• Independent Financial Advisor Independent, product-agnostic financial advisory service providing personalised investment recommendations to clients served via Andbank's advisor platform.
• Actyus Fintech investment vehicle under Andbank's asset management arm, deploying 'smart money' into fintech disruptors and creating value through selected investments and co-investments.
• Insurance Services (Andorra Assegurances Agrícol Reig) Insurance subsidiary providing risk coverage and insurance solutions to Andbank clients alongside private banking.
• Home Banking and Mobile Banking (Banca Personal Digital) Online and mobile digital banking platform for existing private banking clients to manage accounts, transactions, and contracts, with country-specific portals for Andorra, Spain, Monaco, Luxembourg, and Brazil.

Quantifiable outcome

• Business volume grew 26.3% to €66.15 billion in 2025, adding €13.788 billion in the year.
• +3 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Mirabaud Group: Swiss private bank with similar scale (~CHF 50B AUM), 200+ year heritage, and HNW cross-border wealth management focus. Closest direct peer in business model, scale, and family-owned/independent structure.
• VP Bank: Liechtenstein-headquartered private bank (~CHF 50B AUM) offering cross-border wealth management to HNW and family office clients across Europe and Asia. Comparable mid-sized, multi-jurisdiction private banking model.
• Banca March: Spanish family-owned private bank (€14B+ AUM) serving HNW clients through discretionary management and advisory. Closest Iberian comparable to Andbank España in scale and family-owned model.
• Bordier & Cie: Swiss family-owned private bank (~CHF 20B AUM) with HNW focus and strong European/private banking heritage. Comparable size tier and independent, family-controlled DNA.

Broad incumbents

• EFG International: Swiss-listed private bank (~CHF 150B AUM) serving HNW clients across 40+ locations. Larger but operates a comparable discretionary management and cross-border advisory model.
• Julius Baer: Major Swiss pure-play wealth manager (~CHF 470B AUM) with strong cross-border HNW franchise. Comparable target client and product offering but at materially larger scale.
• Indosuez Wealth Management: Wealth management arm of Crédit Agricole CIB (~€200B AUM) with HNW private banking operations across Europe, Asia, and Middle East. Comparable multi-jurisdiction HNW focus with broader institutional backing.
• Lombard Odier: Swiss private bank (~CHF 350B AUM) focused on HNW wealth management with strong European and international presence. Comparable independent private banking heritage and cross-border service model.

Regional players

• MoraBanc: Andorran private bank and Andbank's principal domestic competitor. Comparable focus on HNW wealth management within Andorra; competes head-to-head in the home market.
• Crèdit Andorrà: Andorran financial group providing private banking and wealth management services. Direct head-to-head competitor within Andorra and a relevant peer for the home-market franchise.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/AndbankAND
• Facebookfacebook.com/AndbankAND
• LinkedInlinkedin.com/company/andbank

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries17 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments8 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Andbank