Andbank España Hits €50B Milestone with €7.4B H1 Growth
Robust market activity drove the surge, with €2.2 billion from portfolio gains and €5.2 billion from inflows. MyInvestor contributed 56% of new business, bolstering the group's position via advisory and digital services.
Key Points
- Total business volume exceeds €50 billion, up €7.4 billion in first half.
- Andbank España manages €32.5B; MyInvestor handles €17.5B.
- Growth from €2.2B market gains (5.4% avg) and €5.2B net inflows.
- Strong capital: CET1 ratios at 21% for Andbank España, 24% for MyInvestor.
Andbank España has reached a milestone of more than €50 billion in total business volume, fueled by a €7.4 billion rise during the first half of the year.
The Andbank Group's Spanish operations recorded this growth amid robust market activity, as outlined in a recent statement. Andbank España manages €32.5 billion of the total, with MyInvestor—the neobank backed by Andbank, AXA, El Corte Inglés, and several Spanish family offices—handling €17.5 billion.
The semester's expansion included over €2.2 billion from market performance, reflecting an average 5.4% increase in portfolio values. The remaining €5.2 billion stemmed from net new inflows and credit investment gains, with MyInvestor driving 56% and Andbank España the other 44%.
Both units demonstrated strong capital buffers, as Andbank España's CET1 ratio stayed close to 21% and MyInvestor's hit 24% over the period.
Executives pointed to the results as confirmation of the group's solid position in Spain, crediting a strategy centered on tailored advisory, diverse investments, and MyInvestor's online platform.
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