Mora Banc Grup

Mora Bank Group
Type	Sociedad Anónima
Industry	Financial services
Headquarters	Andorra la Vella, Andorra
Products	retail banking, private banking, asset management
Operating income	€49.66 million (2013)
Net income	€42.38 million (2013)
Total assets	€2165.25 million (2013)
Total equity	€352.44 million (2013)
Number of employees	341 (2013)
Website	morabanc.ad

Banc Internacional d'Andorra - Banca Mora (BIBM or bibm) is the joint trading name of two Andorran banks, Banc Internacional d'Andorra and its wholly owned subsidiary Banca Mora. The two are known collectively as BIBM (styled bibm internally) or Inter-Mora.^[2] The consolidated bank accounts for just under 30% of Andorran domestic banking net assets and slightly over 30% of deposits.

Mora Banc Grup and Mora Banc, SAU operate together under the MoraBanc brand name and they present their financial statements and other data in a consolidated manner.

Mora Banc Grup, SA is the 3rd largest bank in Andorra in terms of total assets. In 2015 its total assets were 2 583,87 mln EUR, providing the bank with the market share of 17.93%. In 2015 the bank's net income was 34,89 mln EUR.

Mora Banc Grup, SA is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is BBB- (good credit quality). Mora Banc Grup, SA participates in deposit guarantee scheme of Andorra. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Mora Banc Grup, SA is headquartered in Andorra La Vella.

External links[]

References[]

^ ^a ^b ^c ^d ^e Bank Profile: Mora Banc Grup
^ IMF Country Report No. 07/69, IMF, 2007

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[morabanc_profile-1] Bank Profile: Mora Banc Grup

[2] IMF Country Report No. 07/69, IMF, 2007

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Mora Banc Grup

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