Type Sociedad Anónima Profit €42.38 million (2013) Headquarters Andorra la Vella Net income 42.38 million EUR (2013) Total assets 2.165 billion EUR (2013) | Industry Financial services Website morabanc.ad Number of employees 341 (2013) Total equity 352.4 million EUR (2013) | |
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Products retail banking, private banking, asset management Subsidiaries Mora Banc, Sau, Mora Wealth Management, Sa | ||
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. 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.