European banks: best banks of Andorra. Banking secrecy
The assets under the management of 4 Andorran banks (01/01/2016): 44.982 mln euro
2. Solvency: 21.22%
3. Liquidity: 65.46%
4. Return on equity: 12.6%
5. The share of outstanding debts: 3.33%
6. Liabilities makeup (cumulative): zero debt. The banks are mostly backed up by means of customer inputs (75% of cumulative liabilities) and joint‑stock funds (10% of liabilities).
7. Banking sector is managed by the National Financial Institution of Andorra (INAF).
8. The banking secrecy in Andorra is regulated by the legislation: the Law on Banking Secrecy with amendments from May 11, 1995.
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