A bank based in Andorra, with its population of just 80,000, has to look for investors beyond the principality's borders if it is to expand. That is exactly what Morabanc has done in recent years by opening new offices in Zurich, Miami, Montevideo and, more recently, Dubai, says Ferran Vila, head of structured products at the bank.
Morabanc began issuing its own structured products two years ago, aiming to attract investors with products that offer attractive yields and short maturities. The ban
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