- This year the award recognises financial institutions that have reaffirmed their commitment to the needs of their customers, in a complicated market environment
- The magazine has considered the bank’s strategy to drive future growth and meet the challenges facing the sector
Crèdit Andorrà has been named the best bank in Andorra in 2022 by Global Finance, the New York-based magazine for financial industry professionals worldwide.
When awarding the prize, Global Finance took into account Crèdit Andorrà’s value strategy and the strong growth it has experienced. It highlighted the recently completed corporate operations, such as the acquisition of Vall Banc, which boosts the Bank’s growth and helps to strengthen its leadership position in Andorra, and the acquisition of the high-net-worth client advisory and family office business of GBS Finanzas Investcapital, AV by Creand Wealth Management in Spain. The publication also noted the Bank’s long-term commitment to economic and social progress of Andorra.
The award endorses the Bank’s strategy of consolidating the foundations for future growth and facing the challenges of the sector with guarantees. It is also a recognition of the Bank’s understanding of banking of the future, a value proposition based on the endeavour to be pioneers in the creation of innovative digital solutions and the commitment to sustainability.
This year, the magazine has awarded financial institutions that have maintained their commitment to customer service, in a difficult market environment. It has also taken into account the resilience shown by banks during the pandemic, as well as their efforts to innovate and respond to increasingly demanding customer needs. It also looked at the role of banks with respect to environmental, social and governance issues.
The objective criteria considered in the evaluation by the magazine’s editors include asset growth, profitability, geographic reach, strategic relationships, new business development and product innovation.