Entity/Person: Crèdit Andorrà, SA

Status: Final

04/04/2020

Penalty imposed on the bank Crèdit Andorrà, SA, amounting to €240.000 (after a reduction of a 40% on the penalty of €400.000 proposed by the AFA in accordance with Article 8.3 of the LRRD) as foreseen in Article 18, paragraph 1, of the LRRD for the commission of a very serious infringement of Article 15 d) of the same rule, for failure to comply with the maximum risk concentration limits set out in Articles 12, 13 and 14 of the Financial Institutions Solvency and Liquidity Act (standard in force at the time of the commission of the acts).