The CEO of Andbank, Carlos Asohas placed financial education as one of the entity’s strategic and social prioritieswith the aim of reaching train between 600 and 1,000 people each year. This is how he detailed it, pointing out that during the last three years the bank carried out 47 training sessions that allowed a total of 1,230 people to be impacteda figure that serves as a basis for setting future goals. In this sense, the will of this year is to get to do the half of the cumulative formations of the last three years.
“We should impact 600 people every year. Between 600 and 1,000 each year of impact“, he affirmed Sowhich considers these figures a realistic threshold for consolidate the training program. The sessions have been deployed in various areas, from from companies to private entities i public institutionswith the aim of reaching very diverse audiences. The bank has worked with Andorran organizations and has also promoted its own promotional actions for bringing financial concepts closer to citizens. In this sense, for the year 2026 they plan to focus efforts on schools and institutesa proposal that, for now, remains on the table.
Lack of financial knowledge
So has warned that the lack of financial literacy is a structural problem which affects not only Andorra but the Europe as a whole. In this regard, he assured that “90%” of the population is uninformed in financial matters“.
The manager attributes this situation to the fact that basic economic concepts have not traditionally been incorporated into the educational system. From the operation of the APR and the TIREthe mortgages up to the actual cost of moneyelements that he considers key to avoid wrong financial decisions.
The CEO of Andbank defense that one better financial education would help prevent situations in which citizens assume products or investments without really understanding them risks or profitability.
In this sense, he pointed out that many products can look alike attractive in appearancehowever they are not in practice if their mechanisms are not well understood.
Andbank plans to maintain and expand these initiatives, combining face-to-face actions with digital content and strengthening the presence in companies and educational centers. The goal, according to Sois to generate a sustained impact over time and contribute to a society with greater financial decision-making capacity.
