
Andorra has a well-developed banking system with a variety of banks to choose from.
Some of the notable banks in Andorra include Banco Andorrà, Caixa Andorrana, and Bank of Andorra.
Banco Andorrà is one of the largest banks in Andorra, offering a range of financial services including personal and business banking.
List of Banks
Andorra has a few notable banks that cater to its residents and tourists alike.
Andorra's banking system is small but well-regulated, with several international banks having a presence in the country.
Some of the notable banks in Andorra include Banca Privada d'Andorra, Banco Santander, and Banco Sabadell.
These banks offer a range of financial services, from personal accounts to corporate banking.
List of 14 Banks
Andorra has a surprisingly robust banking system, with four major banks serving its population. Let's take a look at the banks you can choose from:
Andbank is the oldest private banking firm in Andorra, founded in 1930, and has branches in 11 countries worldwide. It provides private banking and asset management services.

Banc Sabadell d'Andorra may be the smallest bank in Andorra, but its parent company, Banco Sabadell, is one of the "big four" Spanish banks. It offers personal, business, and private banking services.
Crèdit Andorrà Financial Group has branches throughout Andorra and offers personal, business, and private banking services. It acquired another Andorran bank, Valbanc, in 2022.
Morabanc, originally founded in 1958, has branches, cash points, and ATM terminals throughout Andorra. It offers personal and business bank accounts, private banking, asset management, and online brokerage services.
Here's a list of the four banks in Andorra:
- Andbank
- Banc Sabadell d'Andorra
- Crèdit Andorrà Financial Group (Morabanc)
- Morabanc
MoraBanc acquired Banc Sabadell d'Andorra in 2021, expanding its services and customer base.
Vall Banc
Vall Banc was a bank that provided retail and private banking products and services through four offices in Andorra.
It was acquired by Credit Andorra in June 2022, marking a significant change in the bank's ownership.
Major Banks in Andorra
Andorra has a surprisingly small number of banks to choose from, but don't worry, we've got you covered.
Andbank is one of the top banks in Andorra, with its operational HQ located in Andorra la Vella.
Creand, formerly known as Crèdit Andorrà, is another major bank in Andorra, also with its HQ in Andorra la Vella.
MoraBanc is the third top bank in Andorra, with its operational HQ also in Andorra la Vella.
Here are the top 3 banks in Andorra:
Top 3 Banks
If you're looking to open a bank account in Andorra, you have a few options to consider. Andorra is a small principality, so it's no surprise that there aren't many banks to choose from.
The operational headquarters of these banks are all located in Andorra la Vella, the country's capital city. This is a great advantage for those who plan to visit the country often.
Andbank, Creand (formerly Crèdit Andorrà), and MoraBanc are the top 3 banks in Andorra. Here they are in a list:
Andbank
Andbank offers a range of banking services, including retail, business, and international banking. It's one of the biggest banks in the country.
The Andbank current account is designed for day-to-day money management. It's a great option for those who want to keep track of their finances.
Andbank customers can choose from a variety of cards and enjoy 24/7 online banking. This makes it easy to manage your account on the go.
Businesses can also take advantage of Andbank's finance and investment services. These services are designed to help companies grow and succeed.
Private banking and asset management solutions are available for those who need more specialized services.
Expand your knowledge: China Asset Management
MoraBanc
MoraBanc is a well-established bank in Andorra, with a history dating back over 65 years under different names. It provides commercial and private banking services.
MoraBanc has been around in some form for over 65 years, initially known as Banca Coma and then Banc Internacional d’Andorra. The bank offers a range of services, including commercial and private banking.
The MoraBank Current Account is an everyday account with a few little extras, allowing you to choose from a range of currencies and cards. You can also make free digital transfers within Andorra and manage your account online or via mobile app.

There are also perks such as insurance and waived admin fees if you have your salary paid into the account (other conditions may apply). This can be a convenient option for those who want a hassle-free banking experience.
For businesses, MoraBank offers banking solutions for companies of every size, from freelancers and microenterprises to larger companies. The bank also provides financing, cash management services, and insurance for its business customers.
MoraBanc's services for businesses include:
- Banking solutions for companies of every size
- Financing
- Cash management services
- Insurance
These services can help businesses manage their finances effectively and make informed decisions about their operations.
Other Banks in Andorra
Andorra has a small but efficient banking system, with a limited number of banks to choose from. Andbank, the oldest private banking firm in Andorra, has been around since 1930 and has branches in 11 countries worldwide.
If you're looking for a bank with an international presence, Andbank might be a good choice. Its branches in Spain, Monaco, Luxembourg, Israel, and the United States offer a range of services, including private banking and asset management.
Here's a brief overview of the other banks in Andorra:
Banc Sabadell d’Andorra, on the other hand, is the smallest bank in Andorra, but its parent company, Banco Sabadell, is one of the "big four" Spanish banks. This means you can expect a high level of service and a wide range of banking options.
MoraBanc, formerly known as Morabanc, was founded in 1958 and has a strong presence in Andorra, with branches, cash points, and ATM terminals throughout the country. It offers a range of services, including personal and business banking, private banking, and online brokerage services.
For your interest: Banco Sabadell
Banking Sector
The banking sector in Andorra has undergone significant changes in recent times, reflecting the broader changes within international banking. The country was removed from the OECD's tax haven blacklist in 2009, after taking steps to ensure adherence to OECD guidelines and implementing information exchange treaties.
Andorra's banking system has shifted away from traditional banking secrecy in favor of greater transparency and global cooperation. This change has helped harmonize Andorra's banks with their contemporaries in Europe and strengthen the reputation of the Andorran banking system globally.
There are currently four banks in Andorra:
- Andbank
- Banc Sabadell d'Andorra
- Morabanc
- Crèdit Andorrà
Andbank is the oldest private banking firm in Andorra, founded in 1930, and has branches in 11 countries worldwide.
Frequently Asked Questions
Can anyone open a bank account in Andorra?
Yes, anyone can open a bank account in Andorra, provided they meet the bank's internal regulations. Requirements vary by bank, so it's best to check with each institution directly.
Does Andorra have a national bank?
No, Andorra does not have a national central bank. Instead, it uses the euro and relies on the European Central Bank (ECB) for refinancing facilities.
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