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Mora Banc Grup
Banc Internacional d'Andorra - Banca Mora (BIBM or bibm) is the joint trading name of two Andorra , image_flag = Flag of Andorra.svg , image_coat = Coat of arms of Andorra.svg , symbol_type = Coat of arms , national_motto = la, Virtus Unita Fortior, label=none (Latin)"United virtue is stro ...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, 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 ...
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Sociedad Anónima
The abbreviation S.A. or SA designates a type of limited company in certain countries, most of which have a Romance language as their official language and employ civil law. Originally, shareholders could be literally anonymous and collect dividends by surrendering coupons attached to their share certificates. Dividends were therefore paid to whoever held the certificate. Share certificates could be transferred privately, and therefore the management of the company would not necessarily know who owned its shares. As with bearer bonds, anonymous unregistered share ownership and dividend collection enabled money laundering, tax evasion, and concealed business transactions in general, so governments passed laws to audit the practice. Nowadays, shareholders of S.A.s are not anonymous, though shares can still be held by a holding company in order to obscure the beneficiary. In different countries S.A. can be an abbreviation of: * in Galician and European Portuguese (used in Port ...
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Andorra La Vella
Andorra la Vella french: Andorre-la-Vieille is the capital of the Principality of Andorra. It is located high in the east Pyrenees, between France and Spain. It is also the name of the parish that surrounds the capital. , the city has a population of 22,886, and the urban area, which includes Escaldes-Engordany plus satellite villages, has over 40,000 inhabitants. The principal industry is tourism, although the country also earns foreign income from being a tax haven. Furniture and brandies are local products. Being at an elevation of , it is the highest capital city in Europe and a popular ski resort. Name ''Andorra la Vella'' means "Andorra the Town", to distinguish it from the Principality of Andorra as a whole. Although in Catalan the word ''vella'' (like French ''vieille'') is derived from the Latin word ''vetula'' which means "old", the ''Vella'' here (like French ''ville'' and Catalan ''vila'') is derived from the Latin word ''villa'' and means "town". History Th ...
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Andorra
, image_flag = Flag of Andorra.svg , image_coat = Coat of arms of Andorra.svg , symbol_type = Coat of arms , national_motto = la, Virtus Unita Fortior, label=none (Latin)"United virtue is stronger" , national_anthem = "The Great Charlemagne" , image_map = Location Andorra Europe.png , map_caption = , image_map2 = , capital = Andorra la Vella , coordinates = , largest_city = capital , official_languages = Catalan , ethnic_groups = , ethnic_groups_year = 2017 , religion = Christianity (Catholicism) , religion_ref = , demonym = Andorran , government_type = constitutional elective diarchy , leader_title1 = Co-Princes , leader_name1 = , leader_title2 = Representatives , leader_name2 = , leader_title3 = Prime Minister ...
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Financial Services
Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the acquisition to its holding company simply to diversify its earnings. Outside the U.S. (e.g. Japan), non-financia ...
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Retail Banking
Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking. Banking services which are regarded as retail include provision of savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards. Retail banking is also distinguished from investment banking or commercial banking. It may also refer to a division or department of a bank which deals with individual customers. In the U.S., the term commercial bank is used for a ''normal'' bank to distinguish it from an investment bank. After the Great Depression, the Glass–Steagall Act restricted normal banks to banking activities, and investment banks to capital market activities. That distinction was repealed in the 1990s. Commercial bank can also refer to a bank or a division of a bank that deals mostly with deposits and loans fr ...
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Private Banking
Private banking is banking, investment and other financial services provided by banks and financial institutions primarily serving high-net-worth individuals (HNWIs)—defined as those with very high levels of income or sizable assets. A bank that specializes in private banking is called a private bank. Private banking is a more exclusive subset of wealth management, geared toward exceptionally affluent clients. The term "private" refers to customer service rendered on a more personal basis than in mass-market retail banking, usually provided via dedicated bank advisers. At least until recently, it largely consisted of banking services (deposit taking and payments), discretionary asset management, brokerage, limited tax advisory services and some basic concierge-type services, offered by a single designated relationship manager. History Private banking is how banking originated. The first banks in Venice were focused on managing personal finance for wealthy families. Private ba ...
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Investment Management
Investment management is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be institutions, such as insurance companies, pension funds, corporations, charities, educational establishments, or private investors, either directly via investment contracts or, more commonly, via collective investment schemes like mutual funds, exchange-traded funds, or REITs. The term asset management is often used to refer to the management of investment funds, while the more generic term fund management may refer to all forms of institutional investment, as well as investment management for private investors. Investment managers who specialize in ''advisory'' or ''discretionary'' management on behalf of (normally wealthy) private investors may often refer to their services as money management or portfolio management within the context o ...
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International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944, started on 27 December 1945, at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. , the fund had XDR 477 billi ...
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List Of Banks In Andorra
This is a list of banks in Andorra. * Andbank * Banc Sabadell d'Andorra ('A) * Banca Privada d'Andorra (BPA), under resolution. * Crèdit Andorrà * * Mora Banc Grup * , created May 2016, inherits BPA assets. {{List of banks in Europe * Banks Andorra Andorra , image_flag = Flag of Andorra.svg , image_coat = Coat of arms of Andorra.svg , symbol_type = Coat of arms , national_motto = la, Virtus Unita Fortior, label=none (Latin)"United virtue is stro ...
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Economy Of Andorra
The economy of Andorra is a developed and free market economy driven by finance, retail, and tourism. The country's gross domestic product (GDP) was US$5.70 billion in 2023. Attractive for shoppers from France and Spain as a free port, Andorra also has developed active summer and winter tourist resorts. With some 270 hotels and 400 restaurants, as well as many shops, the tourist trade employs a growing portion of the domestic labour force. An estimated 13 million tourists visit annually. There is a fairly active trade in consumer goods, including imported manufactured items, which, because they are duty-free, are less expensive in Andorra than in neighboring countries. Andorra's duty-free status also has had a significant effect on the controversy concerning its relationship with the European Union (EU). Its negotiations on duty-free status and relationship with the EU began in 1987, soon after Spain joined. An agreement that went into effect in July 1991 sets duty-free quotas an ...
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