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Bahamas Press

Andbank following its path to making a difference in difficult times

Andbank is a bank headquartered in Andorra and owned by the third generation of two families. It was founded over 80 years ago in 1930 with the singular vision of establishing social and economic success in Andorra by driving endeavors in business, culture and sports during a worldwide economic depression. Soon over the course of the 20th century, Andbank became a backbone in the local Andorran economy. Today, Mr. Cerqueda, one of the two owners, has taken the vision of the bank internationally – first investing in The Bahamas in 2001 and now establishing a full-service private bank with same principle of driving successful entrepreneurs. Once more in a difficult economic global environment, Andbank has taken a different step than most other banks and doubled the number of staff in The Bahamas following its path in history in believing to make a difference despite difficult times.

They believe that The Bahamas as an international financial center provides a solid political, economic and regulatory environment offering the ideal platform for their international clientele. Back in 2000 they already saw The Bahamas potential and decided to open a subsidiary. The Central Bank of The Bahamas subsequently granted Andbank (Bahamas) Limited with a Banking License in 2001.

One Montague Place on East Bay Street has now become the brand new home of the bank. The bank has a dedicated team of highly performing professionals living up to the Bank`s belief “only talent performs” including the new joiners Juan Iglesias (CEO of Andbank Bahamas), Daniel-Marc Brunner (Head of Private Banking), Werner Gruner (Private Banking Director), Wendell Gardiner (Head of Compliance) and Amanda Smith (Associate Manager) – all of them coming from leading private banking firms.

Mr. Manel Cerqueda believes that it is good to have competition. “It forces you to always be alert and improve your day-to-day offering and customer service.” We believe that our business model differentiates us as it allows us to offer a wide range of solutions to the customer, regardless of the jurisdiction in question or the depository or bank with which they want to operate. We operate more quickly, adapting to changes in the environment and taking advantage of opportunities that present themselves.”

In addition Andbank recently co-sponsored through the Starlight Global Foundation and its founder Werner Gruner an exclusive event called “A Night of Inspiration.” Andbank as main sponsor stands for its value “only talent performs” promoting international and local personalities from various sectors that have been an inspiration to others. They believe that their philosophy allows them to reach out to people on a broader scale than just within the financial sector.