Vall Banc's socially responsible fund distributes €12,560 to four Andorran associations

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This economic contribution will help the new projects Assandca, Atida, Amida and Adba continue

Escaldes-Engordany, 2 July 2020.- The Vall Banc Impact Investment Return&Conscience fund has made an economic contribution this year of €12,560 to four collaborating Andorran associations: the Andorran Association Against Cancer (ASSANDCA), the Andorran Association of Transplant Patients and Donors (ATIDA), the Association of People with Functional Diversity (AMIDA), and the Andorran Diabetes Association (ADBA).

The Vall Banc Return&Conscience Fund follows socially responsible investment criteria when selecting its investments. In addition to providing returns to the customer, it favours social, environmental and renewable energy projects. Vall Banc is also committed to donating part of the management fee of this fund to the collaborating entities.

The Director of Business at Vall Banc, Gerard Albà, indicated that the economic contribution to the associations in the second year of the fund's balance sheet has grown 25.6% compared to the previous year and he highlighted that the bank wishes to continue growing with the commitment to follow the PRI (Principles for Responsible Investment), an aspect that is highly desirable among investors. "Growth that we will reinvest into Andorran society".

Josep Saravia, Chairman of Assandca, explained that this contribution "would provide continuity to our usual care services, provided to people affected by the disease and their family members, such as travel, accommodation, physical activity, psychological support and others, as well as maintain our public advice service".  Saravia also indicated that it would be possible to reinforce "the support to families with children affected by the disease and prolong the physical activity for patients and maintain the service during the month of July".

Simó Duró, the treasurer of AMIDA explained that the money would be destined to technical assistance that the association's members may require.  Manel Oliva, the treasurer of ATIDA, stated that this donation would allow them to start up a project in schools to raise awareness of the importance of becoming a donor, as well as other social awareness events. With regards to ADBA, the Chairperson, Madhu Jetani, said that thanks to the Vall Banc solidary fund, they would be able to launch the "Dolços Guardians" [Sweet Guardians] project, which would subsidise the cost of care assistants for diabetic children under the age of 12 so that they may go on holiday or ski, as well as other support activities.