MoraBanc

The history of MoraBanc dates back to 1938 in the Principality of Andorra, when Bonaventura Mora opened the “Comptoir Andorrano de Change,” an establishment primarily engaged in currency exchange. On June 6, 1952, Bonaventura Mora was granted with authorization to carry out all kinds of monetary transactions and, in 1956, the Banca Mora name was authorized. In April 1962 Banca Mora acquired Banca Coma and, in 1970, Banco de Bilbao (today, Banco Bilbao Vizcaya-Argentaria, BBVA), became a shareholder in the bank. Since that time, the progress of the group in association with BBVA has not ceased to move forward. In 2006, the Andorran founding partners acquired 51% of the shares owned by BBVA; and MoraBanc owns 100% of Andorran group now. In November 2011, the banking group reincorporated the founding family's name into the bank's name. BIBM became MoraBanc to enhance the family aspect, maintain the banking tradition, and emphasize the soundness of the group with 60 years of work experience in the financial sphere and commitment to its clients, and also to consolidate the group's international image. Nowadays, MoraBanc has branches throughout the territory of the Principality of Andorra and, in 2008, the group began its international expansion with the opening of two branches. The first was Mora Wealth Management (MWM) in Zurich (Switzerland), soon followed by acquisition of PRS LatAm in Miami (USA) in 2009, now Mora Wealth Management Miami. Continuing the international expansion, new branch has been opened in Montevideo (Uruguay), the brokerage Mora WM Securities in Miami (Florida) engaged in securities trading, and there are also regional offices called MoraBanc Middle East located in Dubai and Management Company in Luxembourg, named Mora Asset Management Luxembourg. MoraBanc is a major international banking group, operation of which is aimed at meeting the needs of each client. MoraBancis the commercial bank that specializes in rendering banking services to private individuals and companies, providing the most suitable banking products and services for each client. Banking services of MoraBanc can be adapted to each client individually. MoraBanc has functional and comfortable Private Banking.