It has been confirmed that Andbank Monaco’s offer regarding the acquisition of Banque Havilland, a private bank that primarily offers wealth and asset management and fund services to private clients and institutions, has been accepted. 

In an official communiqué released by Andbank Monaco SAM, a private bank that has offered its services to the Principality’s local clientele for more than a decade, the Andorra-based group has announced that its submission of a non-binding offer to acquire Banque Havilland Monaco SAM has been accepted. 

“Building on its excellent financial performance and the strength of its ratios, the Andbank Group aims to demonstrate its commitment to growth in private banking through this future acquisition and to consolidate its presence and influence in the Principality of Monaco,” says a spokesperson for Andbank Monaco. “To facilitate this, the teams from both institutions will work closely together to ensure the continuity and quality of services provided to clients.” 

The statement continues, “The shareholders of the Andbank group and Gérard Griseti, CEO of Andbank Monaco SAM, are mobilising the necessary resources to ensure the swift completion of this transaction. It is noted that this non-binding offer and its completion remain subject to satisfactory due diligence and approval by the relevant regulatory authorities.” 

For further information about Andbank and its Monaco branch, click here.  

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