- The Banker and Professional Wealth Management (PWM) of the Financial Times publishing group highlight strategic alliances and corporate operations as key to growth.
- The judging panel also underlines the international brand unification and expansion of the investment product offering as factors meriting the award.
- This is the second year in a row that Crèdit Andorrà has received this award.
Crèdit Andorrà has been named the best private bank in Andorra for the second year in a row by the financial publications The Banker and Professional Wealth Management (PWM) of the Financial Times publishing group, which present awards annually to the best banks worldwide. These publications highlight the bank’s growth plan based on the development of strategic alliances and corporate operations, as well as the work carried out to unify the brand internationally, with the aim of bolstering customer service.
The Banker and PWM underline the bank’s approach to forging collaboration agreements with strategic partners, one of the avenues for growth being adopted in private banking worldwide, as the panel of judges explained. They also highlight the bank’s capacity to expand the range of investment products, particularly in alternative investments.
This award highlights Crèdit Andorrà’s 2021–2023 Strategic Plan, focused on strengthening its leadership in Andorra and consolidating its international presence in the main markets in which it operates: Luxembourg, Spain and the United States. The most recent corporate undertakings, such as the integration of Vall Banc into Crèdit Andorrà and the acquisition of the family office and high net worth business of GBS Finance in Spain, enable the group to achieve outstanding growth and improve its value offering—based on specialisation, digital transformation and innovation—and customer service.
The international brand unification, under the name Creand, is another action identified by The Banker and PWM as bolstering the group’s leadership and synergies.
Xavier Cornella, CEO of Crèdit Andorrà Group, noted that “this award represents a boost to the strategy we are implementing and, at the same time, it is a recognition of the efforts of our group’s professionals, who offer the highest level of excellence in customer service”. Cornella remarked that “the corporate operations completed in 2021 and 2022, the organic growth achieved through careful and responsible management, and strategic alliances have made us a stronger, more resilient and competitive financial group, allowing us to reinforce our current business and confront future challenges with more guarantees”. He concluded by saying “we will continue working to consolidate our private banking and asset management model, based on offering transparent and global wealth advice and planning that responds to our customers’ needs”.
In addition, digitalisation efforts have helped the bank to strengthen its customer relationships with a more specialised and sustainable value offer, focusing on excellent user experience through complementary and synchronised remote and digital service channels. In the area of sustainability, Crèdit Andorrà was the first and only Andorran bank to have signed the UNEP FI Principles for Responsible Banking.