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Investor Presentaiton

Andbank Investor 2020 Regulatory developments Banking Key developments in banking regulation: • • Implementation of MiFID principles in Andorran regulation Implementation of Basel III principles in Andorran regulation: CRD IV in place Re-enforcements of Human Resources in all of the Regulatory Institutions. וחו CRD IV, Banking regulation Insurance ANDBANK Private Bankers Key developments in insurance regulation in place: New Insurance Distribution Law • New Insurance Regulation Law • New Pension Funds Law Inclusion of the insurance sector under the supervision of the Andorran Regulator November 2018 a new Law has been approved in the Parliament in order to implement the European CRD IV legislation EV Out of the Grey List Andorra is out of the Ecofin Grey List since late 2018 SEPA 5/0 IMF Membership EU Partnership Agreement March 2019 Andorra has gained direct access to the European System of Payments, SEPA January 2020 Andorra has formally applied for IMF Membership Andorra is currently negotiating a Partnership Agreement with the EU similar to those of Norway or Switzerland. 9
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