Andbank Luxembourg

Andbank Luxembourg S.A. is the Luxembourg banking subsidiary of Andbank Group, an Andorra-based private banking group, focused on wealth management for high-net-worth individuals, families, and selected institutions. The bank offers multi-currency accounts, custody and execution across major markets, discretionary and advisory portfolio management, access to funds and structured products, foreign exchange and international payments (SEPA and SWIFT), and credit facilities typically secured by financial assets (Lombard lending); mortgages or other lending are case-by-case and policy-dependent. It also serves external asset managers and provides fund-related solutions via its Luxembourg platform, with management and administration usually arranged through group entities or specialist partners. Client onboarding follows standard Luxembourg KYC/AML requirements, with additional documentation for cross-border clients and tax transparency under CRS and FATCA. Pricing is not publicly standardized; custody, management/advisory, transaction, and credit margin fees are generally mandate-specific and negotiated, and minimum relationship sizes are material given the private-banking focus. The institution is authorised and supervised by the Commission de Surveillance du Secteur Financier (CSSF); eligible deposits are covered by the Luxembourg deposit guarantee scheme (FGDL) up to EUR 100,000 per depositor, and certain investment services fall under the investor compensation scheme (SIIL) up to EUR 20,000, subject to scheme rules and exclusions. Client assets held in custody are segregated under Luxembourg law, and the bank operates under MiFID II conduct and reporting obligations. Andbank Luxembourg publishes annual and Pillar 3 disclosures, which outline risk, capital, and governance frameworks; prospective clients should review these, along with terms and fee schedules, before establishing a relationship, especially given the bank’s emphasis on investment and custody services rather than retail banking products.