Investor Presentaiton

Andbank Investor 2020 ANDBANK Private Bankers The way to transparency Andorra has aligned its regulation and information exchange with European and international standards. These reforms converge with international practices of financial supervision. CRS - Automatic exchange of information OECD COMMON REPORTING STANDARD First exchange of information took place in 2018. Since January 1st 2017, the Andorran authorities have enacted regulations that have led to the automatic exchange of information on financial accounts between Andorra and the EU, and the exchange of information with other countries too. International Financial Reporting Standards (IFRS) Since January 1st 2018, Andorran financial institutions and banks have adopted International Financial Reporting Standards 9 for accounting purposes. 2016 2017 2018 Andorra GAAP IAS 39 IFRS 9 8

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