Perspectives

Fitch Affirms 4 Andorran Banks

Date:

Fitch Affirms 4 Andorran Banks

Author: Alicia Miguel

  1. The onshore nature of Andorran banks' recent AuM growth reduces the potential impact from future automatic tax information exchange agreements
  2. Fitch expects pressure on banks' asset quality to ease, but asset quality ratios are likely to deteriorate further, albeit at a significantly slower pace