Executives at Andbank España were delighted this week after the bank won Business Worldwide Magazine's Best Private Bank Spain 2016 Award. This is despite the bank having started only four years ago.
CEO Carlos Aso acknowledged the company had been operating in what could conceivably be termed a 'difficult' sector in recent years. He had always been confident of success however, thanks to the bank's earlier decision to concentrate solely on advisory and wealth management, coupled with its early adoption of technology, and an experienced workforce.
"I'm delighted to pick up this award on behalf of the bank today," Aso said. "It's a tremendous reflection on how much the company has achieved in such a short space of time. Without a doubt, most of that success is down to our talented and dedicated employees. Our clients tell us time and again how much they appreciate the expert advice they are given."
Andbank España currently boasts 17 branches throughout Spain, in addition to 126 agents and 35 financial advisory companies. They offer banking clients a 24-hour digitalised service, allowing them access to their accounts at any time of the day or night. They also have the option to speak to a member of staff.
Nearly two years ago, Andbank España bought over Spain's Inversis Banco, giving it access to a state-of-the-art digital platform as well as a team of experienced banking professionals. Aso had overseen the takeover for Andbank España where he was Commercial Officer at the time.
The company's headquarters are in the Spanish capital Madrid, while there are a total of 250 Andbank España professionals throughout the country. They, in turn, look after more than 50,000 clients and around Euro 7.7 billionof managed assets. The bank boasts one of the widest product portfolios in the whole of Spain while its advisors are completely independent.
"Both transparency and technology will be important within the banking sector over the coming years," Aso added. "But trust between clients and staff will remain the biggest influence on success. And I'm glad to say that here at Andbank España we are doing extremely well on that score."