MoraBanc expects to materialize the irruption in Spain in the middle of 2027, after the entityt formalized last year one hundred percent of the capital of Banco Europeo de Finanzas (BEF)than now it goes on to operate in the neighboring country under the name of MoraBanc. This is how he explained it CEO of the entity, Lluís Alsina, before the general meeting of shareholders held yesterday, in which the entity’s results for the 2025 financial year were approvedwhich consolidate the sustained growth of the last 10 years.
Alsina argued that “Spain is a natural market for us, because many of our affiliates came from Catalonia, Valencia and the Basque Country”and added to have a bank card in Spain implies also having it in Europeand gives more facility to the entity for expand through the Old Continent. Besides, the entity too wants to strengthen in Switzerland and Miami, where it has the subsidiary Boreal Capital Management Miami. However, the president of the bank, Joan Maria Nin, guaranteed that the entity will not leave the Principalityregardless of how evolve the subject of the association agreement with Europe. “We are part of this country, our obligation is towards this sovereign country that makes the decisions it has to make and MoraBanc will always be part of it”he assured.
“Spain is a natural market because many affiliates are from Catalonia, Valencia and the Basque Country”
The leader commented that the bank is on track to comply with the strategic plan with numbers that allow growth in the income statement. The profits of 62.5 million approved yesterday by the shareholders represent a an increase of 8% compared to those of the year 2024 and a record figure of 20,141 million euros was reached in managed resources.
“Our obligation is to this sovereign country that makes the decisions it has to make”
The danger of inflation
The bank’s president acknowledged that there is a “complicated structural environment” due to the war between Russia and Ukraine and the conflict in Iranand warned of the inflation risk as an economic derivative of this contextdespite valuing the resistance that Western countries are showing. Nin ruled out a scenario of immediate termination, ensuring that “the position is of relative stability”but warned that the prolongation of international hostilities may bring to the fore more important inflationary and liquidation tensions. In any case, he assured that its responsibility as a bank is to ensure the liquidity of the financial system in situations of global crisis so that the economy can continue to operate with some normality.
Low arrears
The CEO of MoraBanc, Lluís Alsina, denied that the housing crisis could generate an increase in arrears in the country due to the impossibility of meeting the mortgages. In fact, the leader added that a record low has been registered in this indicator, with 2.08%. “We are not currently seeing a problem arising from the increase in prices and mortgages”, he maintained.
In addition, placed Andorra’s demographic growth in a context of immigration with a mostly high purchasing power profilewith the covid-19 pandemic as an accelerating element. This situation, he stressed, is positive for the entity. “The more people there are in the country, for us, the better. They are more customers and, therefore, we are delighted”, he said Alsina, who did admit concern as a citizen for the effects on mobility, health and safety that the increase in the population can have.
DIVIDEND DISTRIBUTION OF 40 EUROS PER SHARE
Other figures that were validated at the entity’s general meeting are one return on equity (ROE) of 14.86%, a solvency ratio that stood at 20.52% – the highest in Andorra-, and a liquidity ratio that climbed up to 298.76%. The set of indicators notes very solid levels of capital and liquidity. Regarding credit activity, investment grew by 14%, up to 1,726 million euroswhile maintaining a favorable evolution of the quality of the aforementioned risk delinquency ratio of 2.08%.
The board also approved the reelection of two chairs of the board of directors for the next three years, those corresponding to the company Mora Fills, SA. Marc Mora will continue to be the Sunday councilor and Rita Estévez Luaña will remain as an independent representative.
