Banc Internacional d'Andorra - Banca Mora (BIBM or bibm) is the joint trading name of two

Andorra Andorra, officially the Principality of Andorra, is a Sovereignty, sovereign landlocked country on the Iberian Peninsula, in the eastern Pyrenees in Southwestern Europe, Andorra–France border, bordered by France to the north and Spain to A ...

n 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.IMF Country Report No. 07/69

IMF The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of la ...

, 2007 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 2nd largest bank in Andorra in terms of total assets. In 2021 its total assets were 11.257 million EUR, providing the bank with the market share of 33.33%. In 2021 the bank's net income was 34.5 million 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.

References

Economy of Andorra Companies of Andorra Banks of Andorra {{Andorra-stub

See also

References