Arxius de Corporate - Page 7 of 7

The Crèdit Andorrà Group, leader in the Andorran financial system, extends its presence in the Spanish insurance market with the opening of CA Life Insurance Experts, after obtaining the necessary authorisations from the General Directorate of Insurance and Pension Funds (DGSFP) in Spain and the Andorran National Institute of Finance (INAF) in Andorra. The new entity will centre its activity in the insurance of life risk and savings, and will offer its clients a personalised service and advice.The operation represents another step forward for the Group in its strategy of internationalisation, which has led to its presence already in Spain with the holding company ERM and with Banco Alcalá. The CEO of Crèdit Andorrà Group, Josep Peralba, explained that “in Andorra, the Crèdit Andorrà Group is strong in the life assurance market due to the professionalism and experience of the company Crèdit Assegurances. This high degree of knowledge of the business and the market is what enables us now to deploy our services in Spain, benefiting from the Group’s structures and solvency”.CA Life Insurance Experts has two offices in Spain, in Madrid and Barcelona.The activity of insurer is centred on the marketing of life risk and savings insurance, for example, the Assured Prevision Plan (APP) and Individual Systematic Savings Plan (ISSP), with the objective of offering guaranteed net returns.“At CA Life Insurance Experts we are very aware that knowledge and proximity to the client are essential in offering good service and the personalised advice needed at any time. This is why we are always aware of your needs, we listen to your concerns and together we can assess the best solution. We have the vocation of offering the maximum possible flexibility, in order to adapt ourselves at all times to the market and the client’s personal and family situation, since our objective is to forge strong and long-term relationships”, said Francisco Martínez Aguilar, managing director of CA Life Insurance Experts.The presence of Crèdit Andorrà in SpainThe financial Crèdit Andorrà Group has had its own Insurer Group since 1996, in the form of Crèdit Assegurances, a company which offers a broad range of products for life risk and various forms of savings in the Andorran market, channelled through the Crèdit Andorrà bank branches.The Crèdit Andorrà Group entered the Spanish insurer market with the holding company ERM, which offers comprehensive risk management. Currently the holding company is installed in Barcelona, Girona, Tarragona, Lleida, Madrid, Seville and Palma de Mallorca.In the Spanish financial market, the Crèdit Andorrà Group operates through its private banking subsidiary Banco Alcalá, an entity directed to global asset management for private and institutional clients, typified by excellence in commercial relationships and by offering a service totally made to measure for each client. The entity is part of the Crèdit Andorrà Group’s European private banking project, together with Banque de Patrimoines Privés in Luxembourg. The offer of differential value of this project in European private banking is typified by offering personalised service, a global offer, comprehensive advice and open architecture for advice on the product.The Crèdit Andorrà GroupCrèdit Andorrà is the leading financial group in Andorra in equity, assets under management, business volume, loan investment and profits. The entity manages a business volume of 14,410 million euro (2012).Crèdit Andorrà gives services in commercial banking and private banking, which are supplemented with other business lines offered by the Group, such as insurance and asset management on an international scale. Crèdit Andorrà is in a process of expansion which has led to its presence in ten countries: Andorra, Spain, Luxembourg, Switzerland, United States (Miami), Mexico, Panama, Paraguay and Peru.The international agency Fitch Ratings has awarded Crèdit Andorrà a long-term rating of A- and a short-term F2, ratings maintained in the last review in June 2012, particularly significant in view of the current international economic and financial situation.The bank has been named seven times as Bank of the Year in Andorra, by the financial publication The Banker of the Financial Times group (2002, 2003, 2004, 2006, 2007, 2008 and 2010).Crèdit Andorrà has been classified in position 757 on a world scale and holds first position among Andorran banks in the Top 1000 ranking prepared every year by The Banker (edition July 2012). This ranking classifies banks according to their strength and capitalisation.

Corporate

The Crèdit Andorrà Group consolidates its presence in the spanish insurance market with CA Life Insurance Experts

The Crèdit Andorrà Group maintains its profits at 70.86 million euros and increases its business volume to 14,410 million, 9% more than in 2011

The Crèdit Andorrà Group boosts its European private banking project by admitting two strategic partners into Banco Alcalá

Crèdit Andorrà closes 2011 with a net profit of 70.62 million euros and a total business volume of 13,199 million euros

The Crèdit Andorrà Group acquires an 80% stake in Beta Capital Management LP and establishes itself in the United States

The Crèdit Andorrà Group buys 85% of Banco Alcalá

The Crèdit Andorrà Group acquires Banque BPP SA in Luxembourg

Crèdit Andorrà is still the leader in terms of market share and has obtained a consolidated net profit of 77.81 million euros

Crèdit Andorrà’s volume of business grows 4.9% and comes to 12,285 million euros

Crèdit Andorrà Group opens a securities company in Panama