Credit Andorra Wins Banking Accolade

by Ulrika Lomas, Tax-News.com, London

24 October 2002

Credit Andorra was this month awarded the title of 'Best Bank in Andorra' by the FT controlled Banker magazine, according to locally-based tax, residency and property company, Servissim.

According to Servissim, for the last ten years, Credit Andorra has been rated by the same magazine in the top 60 institutions worldwide for soundness, with an asset to liability ratio in the top 30 .

The International Bank Classification Agency (Fitch IBCA) has also declared the bank 'solvent and well managed', according to its website, and has classified the insitute as A/B for a decade.

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