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Creand

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Creand
Company typePrivate
IndustryBanking and Financial services
PredecessorCrèdit Andorrà
Founded1950
HeadquartersAndorra la Vella, Andorra
Area served
Andorra, Spain, Luxembourg, the United States (Miami) and Panama.
Key people
Antoni Pintat Mas, President Xavier Cornella Castel, CEO
€25 billion (2022)
Websitehttps://creandgroup.com/en/

Creand (formerly Crèdit Andorrà) is a financial group in the Principality of Andorra founded in 1950. The group has a presence in Andorra, Spain, Luxembourg, the United States (Miami) and Panama.[1]

Development

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With an international presence, the group provides global private banking, asset management, commercial banking and life insurance services. In 2022, the group had a turnover in excess of €25 billion.[2]

With the introduction of the Creand brand in Andorra as of 2023, the group has completed the process that began in 2020 in international markets. With the new name, the bank is now in Andorra called Creand Crèdit Andorrà, the asset manager is Creand Asset Management, the insurer Creand Assegurances Estalvi and the foundation is Creand Fundació.[3] The subsidiaries operating in Spain, the United States and Panama are grouped under the name Creand Wealth Management.[4] In Luxembourg, the name of the bank is Creand Wealth & Securities.

Services

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Internationally, the group offers private banking and wealth management services, which are managed through an international financial platform that offers global investments and solutions and has a presence in Andorra, Europe and America.[5] It is a service based on an open architecture model, specialised and flexible, with personalised advice as a key principle.

In Andorra, Creand Crèdit Andorrà provides a private banking, commercial banking and asset management. It has incorporated mobile phone payments,[6] a digitised investment service (Merkaat), and business acceleration programmes (Scale Lab Andorra).[7]

History

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Creand Crèdit Andorrà was founded in 1950 by a group of entrepreneurs in an Andorra La Vella that was just starting out in the field of trade and services. The company expanded its services with the creation of the group's financial asset management company in 1990 and with the opening of the insurance branch in 1996.[8]

In 2005, Creand Crèdit Andorrà acquired and integrated the Andorran subsidiary of CaixaBank.[9]

The internationalisation of the Group began in 2008. In 2011, the entity acquired 85% of the Spanish Banco Alcalá, a bank specialising in global wealth management for private and institutional clients, with offices in Madrid (Banco Alcalá's headquarters), Barcelona and Valencia.[10] In 2021, 100% of Vall Banc was acquired.[11] In 2023, the management company of the Spanish subsidiary completed the merger by absorbing GBS Finanzas Investcapital A.V., the securities agency of GBS Financio specialising in advising high net worth and family office clients.[12]

Since 2020, the group has been promoting the Creand Chair of Entrepreneurship and Banking at IESE Business School, which replaces the Crèdit Andorrà Chair of Markets, Organisations and Humanism, which had been in operation since 2006.[13]

Sponsorships

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In the field of sports, the group sponsors mainly skiing, but also tennis, canoeing and golf. Through the Creand Supporting channel, which is dedicated to sports sponsorship, it shares news about these sports on social networks. In addition, it is also active in the field of sport.[14]

With regard to skiing and the snow sector, which are strategic for the Principality of Andorra, it is a shareholder in SETAP 365;[15] it has sponsorship agreements with the Andorran Ski Federation (FAE),[16] and with the ski resorts; it promotes competitive alpine skiing and outstanding athletes, and annually sponsors different ski clubs and sporting events such as the Alpine skiing World Cup Finals and the UCI Mountain Bike World Cup.[17] It also sponsors the Creand Open tennis tournament,[18] and is promoting e-sports in Andorra.[19]

Creand Foundation

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It was set up in 1987 with the aim of contributing to the social and cultural development of the Principality of Andorra. As a private foundation, it focuses its efforts on three areas: education and knowledge, social aid, and creation and culture.The Creand Fundació is a private foundation.[20]

Acknowledgements

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In the group of Andorran banks as a whole, since 2002 it has received annual recognition from the Financial Times and the Global Banking and Finance Review as best bank, best digital bank, best CSR and best private bank in Andorra.[21][22][23][24][25][26][27][28][29][30][31][32][33]

See also

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References

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  1. ^ "El grupo Crèdit Andorrà pasa a ser Creand en todo el mundo". La Vanguardia (in Spanish). 2023-05-16. Retrieved 2024-03-18.
  2. ^ "Grupo Crèdit Andorrà cierra 2022 con un beneficio de 43,1 millones, un 30,7% más". Europa Press. 2023-04-05. Retrieved 2024-03-18.
  3. ^ "El Grupo Crèdit Andorrà cambia su nombre a Creand tras más de 70 años". Europa Press. 2023-05-12. Retrieved 2024-03-18.
  4. ^ "El grupo Crèdit Andorrà pasa a ser Creand en todo el mundo". La Vanguardia (in Spanish). 2023-05-16. Retrieved 2024-03-18.
  5. ^ jaime (2021-02-08). "Creand WM lanza la plataforma fondos.com junto a Foncom Tecnológica". FundsPeople España (in Spanish). Retrieved 2024-03-18.
  6. ^ "MONEI y Crèdit Andorrà traen los pagos digitales a los negocios andorranos". MONEI (in Spanish). Retrieved 2024-03-18.
  7. ^ "El programa Scale Lab de Crèdit Andorrà ha invertido en diez startups durante el 2022". La Vanguardia (in Spanish). 2023-01-31. Retrieved 2024-03-18.
  8. ^ "Crèdit Andorrà incorpora la tecnologia 'contactless' a la xarxa de caixers". Diari d'Andorra BonDia . (in Catalan). Retrieved 2024-03-18.
  9. ^ G, T. (2005-07-22). "Traspasa el 100% de CaixaBank a Crèdit Andorrà por 356 millones". Cinco Días (in Spanish). Retrieved 2024-03-18.
  10. ^ "Crédit Andorrá compra el 85 por ciento del Banco Alcalá - Expansion.com". www.expansion.com. Retrieved 2024-03-18.
  11. ^ Society, Funds (2024-03-18). "Creand AM culmina la fusión con GBS Finanzas Investcapital AV y crea una nueva área de family offices dentro de la gestora". Funds Society (in European Spanish). Retrieved 2024-03-18.
  12. ^ Society, Funds (2024-03-18). "Creand AM culmina la fusión con GBS Finanzas Investcapital AV y crea una nueva área de family offices dentro de la gestora". Funds Society (in European Spanish). Retrieved 2024-03-18.
  13. ^ yrivero (2020-09-29). "El IESE y Crèdit Andorrà presentan la nueva Cátedra de Emprendimiento y Banca". IESE (in European Spanish). Retrieved 2024-03-18.
  14. ^ Rusiñol, Carles (2023-03-21). "El canal deportivo 'Crèdit Andorrà Supporting' se ha convertido en un referente estas Finales". Lugares de Nieve (in Spanish). Retrieved 2024-03-18.
  15. ^ LdN, Redacción (2021-12-02). "SETAP365 es el nombre de la nueva sociedad fruto de la unión de Soldeu El Tarter y Pal Arinsal". Lugares de Nieve (in Spanish). Retrieved 2024-03-18.
  16. ^ LdN, Redacción (2023-10-24). "La FAE presenta la temporada de sus equipos nacionales de esquí alpino 2023-2024". Lugares de Nieve (in Spanish). Retrieved 2024-03-18.
  17. ^ "Andorra vuelve a convertirse en la capital mundial del esquí". MARCA (in Spanish). 2023-02-07. Retrieved 2024-03-18.
  18. ^ Sansaloni, David (2023-11-09). "Vicky Jiménez torna com a gran reclam del Creand Andorra Open". cadena SER (in European Spanish). Retrieved 2024-03-18.
  19. ^ Andornet. "Neix ACA eSports, el primer projecte d'esports digitals d'Andorra | ACA eSports". e-sports.aca.ad (in Catalan). Retrieved 2024-03-18.
  20. ^ "Francesca Ros: "Si tens una Fundació des de fa 35 anys i la continues, diu molt del banc"". Diari d'Andorra BonDia . (in Catalan). Retrieved 2024-03-18.
  21. ^ Vella, Redacció, Andorra la (2017-12-01). "Crèdit Andorrà, premiat com a Banc de l'Any del país". DiariAndorra.ad (in Catalan). Retrieved 2024-03-18.{{cite web}}: CS1 maint: multiple names: authors list (link)
  22. ^ "Crèdit Andorrà, reconocido como Banco del Año de Andorra por el grupo Financial Times". La Vanguardia (in Spanish). 2022-12-06. Retrieved 2024-03-18.
  23. ^ Ana (2016-12-08). "Crèdit Andorrà, escollit 'Banc de l'Any' d'Andorra". Ara Andorra (in Catalan). Retrieved 2024-03-18.
  24. ^ DiariAndorra (2010-12-03). "Crèdit Andorrà, millor banc per 'The Banker'". DiariAndorra.ad (in Catalan). Retrieved 2024-03-18.
  25. ^ "Crèdit Andorrà, millor grup d'Andorra en banca privada 2013 segons Financial Times". Diari d'Andorra BonDia . (in Catalan). Retrieved 2024-03-18.
  26. ^ Vella, Redacció, Andorra la (2022-11-04). "Crèdit Andorrà és elegit millor banc d'Andorra en banca privada". DiariAndorra.ad (in Catalan). Retrieved 2024-03-18.{{cite web}}: CS1 maint: multiple names: authors list (link)
  27. ^ "Crèdit Andorrà, reconeguda com a millor entitat d'Andorra en banca privada 2017". Diari d'Andorra BonDia . (in Catalan). Retrieved 2024-03-18.
  28. ^ "Creand reconegut com a banc de l'any per segon any consecutiu". El Periòdic d'Andorra (in Catalan). 2023-12-02. Retrieved 2024-03-18.
  29. ^ Vella, Redacció, Andorra la (2018-11-08). "Crèdit Andorrà torna a ser premiada com la millor entitat de banca privada d'Andorra". DiariAndorra.ad (in Catalan). Retrieved 2024-03-18.{{cite web}}: CS1 maint: multiple names: authors list (link)
  30. ^ DiariAndorra (2021-11-04). "Crèdit Andorrà, reconegut com a millor banc privat del Principat de l'any 2021". DiariAndorra.ad (in Catalan). Retrieved 2024-03-18.
  31. ^ Vella, Redacció, Andorra la (2019-03-06). "Crèdit Andorrà és nomenat millor banc del país en banca privada i responsabilitat social". DiariAndorra.ad (in Catalan). Retrieved 2024-03-18.{{cite web}}: CS1 maint: multiple names: authors list (link)
  32. ^ "Crèdit Andorrà, mejor banco digital y en RSC de Andorra, según 'Global Banking & Finance Review'". La Vanguardia (in Spanish). 2023-03-07. Retrieved 2024-03-18.
  33. ^ "Crèdit Andorrà, premiado como mejor banco en banca privada de Andorra". La Vanguardia (in Spanish). 2015-07-14. Retrieved 2024-03-18.
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