The General Shareholders' Meeting of MoraBanc approves the 2024 accounts, closing with a profit of €57.7 million

2025-04-30

  • The shareholders have approved the accounts, which confirm a record figure in assets under management by the entity, reaching €18.436 billion.
  • Ana Ribalta Roig is appointed as an independent director of Mora Banc Grup, S.A.

The General Shareholders' Meeting of MoraBanc was held today at the Bank’s Auditorium, where all resolutions submitted to a vote were approved.

MoraBanc President, Joan María Nin, stated in his speech that 2024 has been “a year marked by the Group’s growth in Andorra and abroad, especially with the acquisition of Tressis,” and emphasized that “we are growing while maintaining our core values of strength, solvency, prudence, and commitment to our clients.”

MoraBanc’s CEO, Lluís Alsina, expressed his satisfaction with the profit and record growth in assets under management achieved, “which will allow MoraBanc to become a better bank for its customers.” Alsina added, “we are beginning a new strategic plan with a clear direction to continue growing, with exciting challenges both in Andorra and internationally.”

Approval of the annual accounts for the 2024 fiscal year

Shareholders approved the 2024 accounts and results, a year in which MoraBanc maintained sustained growth with a profit of €57.7 million, 12% more than in 2023. The Group closed 2024 with €18.346 billion in assets under management, 67% more than in 2023, and a high ROE, which increased to 15.04% over the past year.

MoraBanc’s balance sheet strength is reflected in its solvency ratio, standing at 19.47% (CET1 fully loaded), and its liquidity ratio (LCR), which reached 301.23% by the end of 2024, highlighting the institution’s excellent liquidity position. As for credit investment, 2024 ended with €1.509 billion, with a non-performing loan ratio that dropped to 2.33%.

Ana Ribalta Roig, new independent director of MoraBanc

The Meeting approved the appointment of Ana Ribalta Roig as a new independent director of Mora Banc Grup, S.A. Ribalta has extensive experience in the financial sector, particularly at Banc Sabadell, where she held various senior management positions between 2003 and 2022. Previously, she worked at other financial institutions such as Banco Central Hispano and Banco Santander.

Her profile brings a high level of expertise in sustainability and risk management, along with a strategic business vision. She is also an expert in investment banking, internationalization, and the real estate sector. Ana Ribalta will join the delegated Risk Committee and the Nominations and Remuneration Committee.

Additionally, the Shareholders’ Meeting approved the reappointments of independent director and Chairman of the Board, Joan María Nin, and the executive director and CEO of Mora Banc Grup, S.A., Lluís Alsina.

The renewal of the Board of Directors includes the departure, due to the end of his term, of Miquel Alabern, who has served as an independent director of Mora Banc Grup, S.A. since 2022. Chairman Joan María Nin highlighted Alabern’s contributions during his speech and thanked him for his years of dedication to the institution.