Morabanc: The goal is to double customers in Spain in three years
Lluís Alsina, CEO of Morabanc, states that after the acquisitions of recent years, the Andorran bank is preparing to start operating as a bank in Spain in every respect.
Morabanc, Andorra's largest bank by assets, is expanding its presence in Spain after acquiring Banco Europeo de Finanzas (BEF), granting it a banking license. The bank aims to double its client base to 25,000 in three years and increase its local workforce to 250 professionals. Morabanc's CEO, Lluís Alsina, stated that the bank's focus will be on private banking, targeting clients with assets between €500,000 and €2 million. The bank may consider further acquisitions to support its growth in Spain.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
