AMAndbank Monaco SAM
Three stars: a clean ten-year record and protected deposits.
Why Andbank has three stars
Andbank earns three stars. No final adverse finding against this licence holder in ten years of regulatory and court records. What a family should weigh: only part of the private banking range is published for this booking unit. Not yet documented: how the law protects custody assets in this centre and whether external asset managers have a dedicated desk. Until they are on file, the rating cannot count them.
Noam Cohen, Editor, Bank IntelligenceReviewed 6 November 2026, Q4 2026 edition. The rating weighs the public record together with what clients and their advisers tell us in confidence; retail products, branches and apps play no part.
Where Andbank stands out
- No final adverse finding against this licence holder in ten years of regulatory and court records.
- Deposits are covered by a statutory protection scheme.
- The custody terms are public and address most of what a family needs to know.
- No politically exposed person holds a significant stake.
What to weigh
- Only part of the private banking range is published for this booking unit.
- No fee schedule is published; pricing is given on request.
- Ownership is only partly public.
- This file does not yet show how custody assets are ring-fenced by law in this centre.
- The bank does not say whether it runs a desk for external asset managers.
- The policy on payments to and from third parties is not published.
The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the bank, not a credit rating, not a forecast of failure and not investment advice.
Regulatory and legal record
What regulators, prosecutors and courts have decided, recorded against the legal entity they named, with the status, the amounts as published and a link to the original document. Claims and investigations still under way are marked as open.
Client experience and financial standing
What clients meet at Andbank, read from complaint registers, ombudsman decisions and court records, independent reporting and what clients and their advisers tell PPLI.com in confidence. Announcements by the bank, awards and marketing material are left out.
What clients report
The independent coverage of the bank concerns its abandoned bid in 2024 for Banque Havilland (Monaco) SAM.
Worth raising with the bank
- Ask for the Monaco bank's own capital ratio and client assets, since the only rating shown is Fitch's rating of the Andbank group.
Financial standing
| Agency | Rating | Outlook | As of | Rated company |
|---|---|---|---|---|
| Fitch | BBB long-term IDR / F3 short-term | Stable | January 2026 | Andbank Group (parent) |
In the press
- Monaco Life
Banque Havilland Monaco enters new sale negotiations after Andbank withdraws offer
The bank decided after audit and due diligence not to proceed with the purchase of Banque Havilland (Monaco) SAM and would not submit a purchase offer.
- Monaco Life
Andbank to take over local branch of Banque Havilland
The bank had made a non-binding offer to acquire Banque Havilland Monaco SAM, subject to due diligence and regulatory approval.
What Andbank charges
Andbank does not publish its private banking fees. We searched its website on 6 November 2026 for a fee schedule, a tariff or a pricing page. We read its legal, documents and client information pages and searched the site in each language it uses. 96 of the 151 banks we cover publish theirs. A family cannot see what a relationship with Andbank would cost before asking, so the cost transparency element of the PPLI.com rating gives Andbank no credit for a published schedule, and the bank cannot be placed in our fee comparison. If Andbank publishes a schedule, we will read it and add it in the next edition.
Banks that publish their fees, and how they compare, are listed on the comparison page. If you hold a proposal from Andbank, our editors can place it against the published fees of other banks in confidence: write to [email protected].
Identity, protection and services
Legal identity
Ownership
Ownership is shown as published, with its date. It describes who owns the bank; it does not, by itself, suggest any wrongdoing by the bank or its owners.
Financial strength, as reported
Figures for Andbank Monaco SAM. Sources: Andbank Monaco Rapport Annuel 2025; Andbank Monaco Pilier III 2025; Andbank Group Annual Report 2025 (Memoria).
Services published for this booking unit
Offered at this booking centreOffered by the group, not confirmed hereNot located, which does not mean unavailable
Checked on the bank's own pages, 6 November 2026.
Access and costs
Protection of client assets
Before opening an account
- Moving the portfolio. Use the published transfer terms as a starting point. Ask the bank to flag positions in your portfolio that would require consent, manual handling or a sale, and to quote the charges separately.
- Cross-border eligibility. If a settlor, beneficiary or beneficial owner has U.S. ties, ask the named entity to confirm eligibility for your structure and which investment services it can provide.
- Written pricing. Ask for a quote that covers the account you would actually open, including fees charged by third parties and the cost of moving assets out.
Rate Andbank
If you bank with Andbank or advise clients who do, your experience forms part of its PPLI.com rating. Every response is read by the editor and treated in strict confidence.
Sources
All 14 documents cited on this page, by subject.
Client experience and press
- Monaco Life: Banque Havilland Monaco enters new sale negotiations after Andbank withdraws offer, 23 September 2024monacolife.net
- Monaco Life: Andbank to take over local branch of Banque Havilland, 22 August 2024monacolife.net
Identity, ownership, finances and services
- garantiedesdepots.fr: Liste adhérents 31.03.2026 (PDF)garantiedesdepots.fr · Licence
- GLEIF: Ultimate parentapi.gleif.org · Owner
- GLEIF: Direct parentapi.gleif.org · Group parent
- en.wikipedia.org: Andbanken.wikipedia.org · Control
- Andbank Monaco Rapport Annuel 2025andbank.com · Financial strength
- Andbank Monaco Pilier III 2025andbank.com · Financial strength
- Andbank Group Annual Report 2025 (Memoria)andbank.com · Financial strength
- Andbank: Our servicesandbank.com · Services
- Andbank: Our productsandbank.com · Services
- Andbank: Family officeandbank.com · Services
- Andbank: Conditions Generales Andbank Monaco SAM 01.2025 (PDF)andbank.com · Transfer out terms
The bank
- Andbank, websiteandbank.com
For Andbank
Before we publish a significant negative finding that is not already public, we give the bank the facts and time to comment, on the same timetable for every bank. Decisions of regulators and courts are shown as they were published. Corrections we verify are published with the date of the change. Write to [email protected] quoting reference BK-MC-ANDBANK-MONACO-50F70D.
Reviewing this file with us
Families and their advisers read this file before they open an account. It can only be as complete as the documents we can find, and much of what sets a private bank apart, from its custody terms to the way a client team works, is rarely published.
If you represent Andbank, one of our Bank Intelligence analysts can go through the file with you: correct anything that is out of date, add terms and documents that are not yet public, and set out what has improved since our last edition. The review is a paid engagement for the analyst's time and research.
The rating itself stays with our editor and follows what the documents show, so we cannot promise a particular result. When a review changes the file, this page notes that the bank took part, with the date and what was added.
About this file
Researched by the PPLI.com research desk from the public sources listed. The rating is our editorial opinion; read how we rate.