Apparently they are opening private banking accounts for non-residents, even for CIS countries.
"Mora Banc Grup, SA is the 3rd largest bank in Andorra in terms of total assets. In 2015 its total assets were 2 583,87 mln EUR, providing the bank with the market share of 17.93%. In 2015 the bank's net income was 34,89 mln EUR.
Mora Banc Grup, SA is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is BBB- (good credit quality). Mora Banc Grup, SA participates in deposit guarantee scheme of Andorra. This scheme covers accounts up to 100 000 EUR per bank per depositor.
Mora Banc Grup, SA is headquartered in Andorra La Vella."
Crazy exit commission to their funds, 9.32% LOL
https://www.morabanc.ad/app/uploads/Tarifes-repercutibles-a-clients-Asset-Management-.pdf
And also quite high custody fee
https://www.morabanc.ad/app/uploads/Tarifes-repercutibles-clients.pdf
Anybody used them?
"Mora Banc Grup, SA is the 3rd largest bank in Andorra in terms of total assets. In 2015 its total assets were 2 583,87 mln EUR, providing the bank with the market share of 17.93%. In 2015 the bank's net income was 34,89 mln EUR.
Mora Banc Grup, SA is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is BBB- (good credit quality). Mora Banc Grup, SA participates in deposit guarantee scheme of Andorra. This scheme covers accounts up to 100 000 EUR per bank per depositor.
Mora Banc Grup, SA is headquartered in Andorra La Vella."
Crazy exit commission to their funds, 9.32% LOL
https://www.morabanc.ad/app/uploads/Tarifes-repercutibles-a-clients-Asset-Management-.pdf
And also quite high custody fee
https://www.morabanc.ad/app/uploads/Tarifes-repercutibles-clients.pdf
Anybody used them?