MoraBanc

What MoraBanc does

MoraBanc is a privately held, family-owned Andorran banking group (legal name Mora Banc Grup, SA) headquartered in Andorra la Vella. The group provides retail banking, corporate banking, and private banking services, alongside asset management, investment advisory, and wealth planning. As of December 31, 2025, the group reported €20,141M in assets under management, €62.5M in profit, 584 employees, and a CET1 fully-loaded capital ratio of 20.52% (phase-in 20.55%). Revenue is generated across four streams: asset and wealth management fees on AUM, net interest income from mortgages and business lending, transaction and commission fees, and insurance distribution via Mora Assegurances.

The group's core technology stack centers on the MoraBanc Digital platform — a web and mobile banking product supporting account management, securities trading via Online Broker, Bizum instant payments, SEPA direct debits, and Apple Pay — augmented by relationship-management infrastructure for private banking. MoraWealth Planning and the exclusive Global Investment Solutions service, delivered in partnership with Goldman Sachs Asset Management, provide discretionary portfolio management and estate planning to high-net-worth clients. The business model is relationship-led for private banking (monthly subscription-style accounts with dedicated managers, quote-based pricing) and self-service for retail (no-fee current accounts contingent on direct-deposit salary/pension).

Operationally, MoraBanc serves retail individuals, business/corporate clients, and HNW/private banking families across Andorra, Spain (via Tressis in 14 cities and Banco Europeo de Finanzas), the United States (Boreal Miami), and Switzerland (Boreal). Subsidiary structure includes Mora Assegurances (insurance), Mora Capital Group (capital markets), MoraWealth (Spanish securities agency), Tressis (Spanish wealth management, majority-owned), Boreal Miami (international wealth management, CityWire 2025 award winner), BSA (insurance, majority-owned since 2023), and BEF (Spanish bank, wholly-owned since July 2025). The bank was awarded 'Bank of the Year in Andorra' by The Banker (Financial Times group) in 2025.

Name

MoraBanc

Legal name

Mora Banc Grup, SA

Website

https://morabanc.ad

Company type

Private

Founded year

1938

Operating status

Operating

Headcount range

251–500 employees

Short description

MoraBanc is a privately held, family-owned Andorran banking group providing retail, business, and private banking services plus asset management, with operations in Andorra, Spain, the United States, and Switzerland.

Ownership category

akta.pro rank

Product category

Private Banking

NAICS

Commercial Banking (522110)

SIC

State Commercial Banks (6022)

akta.pro primary industry

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

akta.pro secondary industry

Wealth Lending & Credit Solutions (Lombard/Margin, Mortgages, Structured Credit) (FSAAABAG)

Keywords

• Private banking services
• Wealth management solutions
• Asset management
• Retail banking products
• Investment advisory services

Headquarters

HQ city

Andorra La Vella

HQ country

Andorra

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Asset Management and Wealth Management Fees: MoraBanc generates revenue through management fees on assets under management (€20,141M as of December 2025), including investment fund management, private banking services, and advisory fees
2. Net Interest Income: Traditional banking interest income from lending activities including mortgages, personal loans, and business financing, as well as interest paid on deposits
3. Transaction and Commission Fees: Fees from account administration, wire transfers, card transactions, and other banking service commissions
4. Insurance Distribution: Revenue from insurance product distribution through Mora Assegurances subsidiary

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

MoraBanc is an Andorran banking group providing retail banking, business/corporate banking, and private banking services. Its core offering includes current accounts, credit and debit cards, mortgages and personal loans, investment funds, an online broker, insurance distribution, and discretionary wealth management through its Global Investment Solutions platform built in partnership with Goldman Sachs Asset Management. The group operates physical branches in Andorra with international offices in Spain, the USA, and Switzerland, complemented by the MoraBanc Digital online and mobile banking platform.

Product overview

MoraBanc operates as a unified banking platform with multiple product lines serving individuals, businesses, and high-net-worth private banking clients. The core platform is MoraBanc Digital (web and mobile app), supplemented by the MoraBanc Online Broker for trading. The product portfolio spans accounts and cards (Visa MoraBanc Platinum/Infinite/Gold/Credit, Premium Current Account), investment services (investment funds, structured products, Global Investment Solutions via Goldman Sachs partnership, Securities Lending), financing solutions (loans, mortgages, Préstamo Sostenible Mixto, Credit Lines, Confirming), and insurance via MoraAssegurances. The group operates internationally through acquired brands (Tressis in Spain, Banco Europeo de Finanzas for Spanish banking license) and subsidiaries (Boreal Miami in the USA, MoraWealth in Spain, Mora Capital Group). Recent acquisitions expanded the product range to include the Tressis Capital Tech II €30M venture capital fund.

Differentiator

Problem solved

Functional benefit

Products and services

• MoraBanc Digital Digital banking platform providing 24/7 access to accounts, cards, and financial products via web and mobile for retail, business, and private banking clients. Enables money transfers via Bizum, stock and investment fund trading, market data queries, and SEPA transfers.
• MoraBanc Online Broker Online self-service trading platform enabling clients to buy and sell stocks and investment funds, access real-time market data, and create virtual securities accounts for simulation purposes.
• Visa MoraBanc Platinum Premium private banking credit card with high credit limits, maximum insurance coverage, and Priority Pass membership for airport lounge access.
• Visa MoraBanc Infinite Top-tier private banking credit card offering Priority Pass membership with 12 complimentary airport lounge visits and premium concierge services.
• Premium Current Account Private banking current account with personalized assistance from a dedicated relationship manager, privileged access to exclusive events, and premium banking cards for high-net-worth clients.
• Global Investment Solutions Exclusive investment management service providing access to Goldman Sachs Asset Management expertise, discretionary portfolio management, and personalized investment advisory for high-net-worth private banking clients.
• Securities Lending Service allowing private banking clients to earn additional returns on their investment positions without affecting securities trading, while maintaining dividend rights.
• MoraBanc Wealth Planning Wealth planning service in Andorra focused on financial succession and inheritance planning for private banking clients and their families.
• Préstamo Sostenible Mixto (Sustainable Mixed Loan) Sustainable mixed loan financing for businesses covering up to 100% of renovation costs or equipment purchases for energy savings, with repayment up to 8 years and a mixed interest rate (2.75% fixed for the first two years, then Euribor + 1.25%).
• Confirming Business service enabling efficient supplier payment management where MoraBanc assumes administrative burden and provides immediate financing by advancing invoice payments to suppliers.
• Credit Line with Securities Collateral Private banking credit solution providing immediate liquidity using investment portfolio as collateral while keeping investments intact to finance personal or business projects.
• MoraAssegurances Insurance Insurance subsidiary of MoraBanc providing insurance products and services to complement the bank's financial offerings for retail and private banking clients.
• Tressis Capital Tech II Fund €30 million venture capital fund registered with the CNMV, focusing on technology investments primarily in Western Europe and the United States, managed by Tressis Gestión under MoraBanc ownership.

Quantifiable outcome

• €20.141 billion in assets under management as of December 2025
• +2 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Tressis Capital Tech IIminorStrategic or Co-development Partner · 10 November 2025Tressis Gestión, a subsidiary of MoraBanc, launched a €30 million venture capital fund registered with CNMV, focusing on technology investments in Western Europe and the United States.
• Banco Europeo de Finanzas (BEF)coreStrategic or Co-development Partner · 28 July 2025MoraBanc completed the acquisition of Banco Europeo de Finanzas (BEF) after approval from Spanish and Andorran authorities, gaining a banking license in Spain as part of strategic expansion.
• TressiscoreStrategic or Co-development Partner · 14 March 2024MoraBanc acquired a majority stake in Tressis, a Spanish wealth management firm, retaining Tressis's management team, brand, and business model while expanding MoraBanc's presence in Spain to 14 cities with over 9,000 clients.
• Goldman Sachs Asset ManagementcoreStrategic or Co-development PartnerExclusive collaboration agreement providing MoraBanc private banking clients access to Goldman Sachs Asset Management's investment expertise and exclusive portfolio management services. The partnership enables clients to invest in specially advised portfolios and access world-class wealth management knowledge.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Creand (formerly Crèdit Andorrà / Credit Andorra): Creand is MoraBanc's principal Andorran competitor, offering similar retail, business, and private banking services from its Andorra headquarters with international wealth management operations. Both banks compete head-to-head for HNW clients in the Andorran market and have parallel cross-border expansion strategies.
• Andbank: Andbank is another Andorran-headquartered private banking group focused on wealth management for HNW clients, with international offices across Europe, the Americas, and Asia. It directly competes with MoraBanc in both the Andorran domestic market and in international private banking expansion.

Broad incumbents

• UBS Wealth Management: UBS Global Wealth Management is the world's largest private bank, serving HNW and UHNW clients globally. While far larger than MoraBanc, it competes for the same cross-border HNW clients in Spain, Switzerland, and the US, and serves as the aspirational benchmark for Andorran private banks seeking to scale internationally.
• Julius Baer: Julius Baer is a leading Swiss pure-play private bank with global HNW wealth management operations. Comparable to MoraBanc in its relationship-manager-led model and HNW focus, Julius Baer represents both a competitor for cross-border HNW clients and a comparable target operating model.
• Pictet Group: Pictet is a Swiss private bank and asset manager with a strong HNW and family-office franchise across Europe and globally. Its wealth management and asset management businesses directly overlap with MoraBanc's private banking and asset management divisions, particularly in serving European HNW families.
• Lombard Odier: Lombard Odier is a Swiss private bank offering wealth management, asset management, and technology-backed banking services to HNW clients globally. Its HNW-focused, advisory-led model and European footprint make it a comparable benchmark and competitor for MoraBanc's private banking franchise.
• Edmond de Rothschild: Edmond de Rothschild is a Swiss private banking and asset management group serving HNW clients across Europe, the Middle East, and Asia. Its family-controlled, private-banking-centric model and European footprint closely parallel MoraBanc's positioning and target client segment.
• EFG Bank: EFG Bank is a Swiss private banking group serving HNW clients globally, with strong European and Asian operations. Its pure-play private banking focus and relationship-manager model are directly comparable to MoraBanc's core private banking franchise.

Regional players

• Banco Mediolanum: Banco Mediolanum is a Spanish retail and private bank with an advisor-driven wealth management model, recently expanding banking and investment services across Spain. Following MoraBanc's entry into Spain via Tressis and BEF, Banco Mediolanum is a relevant competitor for Spanish retail and mass-affluent clients in overlapping geographies.

Emerging players

• Openbank (Santander Group): Openbank is the digital banking subsidiary of Santander Group, offering digital investment and wealth management services across Spain and Europe. As MoraBanc expands into Spain, Openbank represents a low-cost digital competitor targeting the same mass-affluent client segment with automated investment products.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights7 records

Customer concentration

• Xx.com/morabanc
• YouTubeyoutube.com/user/MoraBanc
• Facebookfacebook.com/MoraBanc
• LinkedInlinkedin.com/company/bibm-banco-internacional-banca-mora
• Instagraminstagram.com/morabanc

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries8 records

Funding overview

Funding rounds

Investors

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

M&A2 records

Investments1 record

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

Frequently asked questions about MoraBanc