Addiko Bank

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For the "bad bank" that the current Addiko Bank was spin-off from, see Heta Asset Resolution.
Addiko Bank
Formerly called
Hypo Group Alpe Adria
Aktiengesellschaft
Industry Finance and Insurance
Predecessor Balkans banks of Hypo Alpe-Adria-Bank International
Founded 1896
2014 (spin-off)
Headquarters Klagenfurt, Austria
Products Commercial banking, Investment banking, Leasing, Asset management
Profit (€97.4 million) (2014)
Total assets €8.032 billion (2014)
Total equity €1.229 billion (2014)
Owner
Capital ratio 20.1% (Tier 1)[1]
Website addiko.com

The Addiko Bank is an Austrian banking group with numerous cross-border activities in the Alps-Adriatic region. The group is active in Slovenia, Croatia, Bosnia and Herzegovina, Serbia and Montenegro.

History[edit]

Addiko Bank was the Balkan branches of Hypo Alpe-Adria-Bank International AG, which in 1990s explosively expanded into the Alps-to-Adriatic region.

Hypo Alpe Adria has been present in the market of Bosnia and Herzegovina (BiH) since 2001, when it took over Auro Bank Mostar,[citation needed] which thereafter was operating under the name of Hypo Alpe-Adria-Bank d.d., Mostar. A year after, Hypo Alpe Adria took over Kristal Bank Banja Luka,[citation needed] which has been operating under the name of Hypo Alpe-Adria-Bank a.d., Banja Luka since 2003.[citation needed]

In 2009 Hypo Alpe-Adria-Bank was nationalized. In 2014 Hypo Alpe-Adria-Bank was under resolution, which the Balkan branches was incorporated as Hypo Group Alpe Adria AG. In December 2014 it was sold to Advent International (80%) and the European Bank for Reconstruction and Development (20%).[2]

The bank renamed itself as Addiko Bank on 7 July 2016, making the brand "Hypo Alpe-Adria-Bank" no longer exist as an active brand in any successors.[3]

Business: Banking and Leasing[edit]

The main line of business involves receiving "deposits" for citizens, businesses, public institutions, and local self-governance units, as well as retail, corporate, public and self-governance unit crediting, rendering services of domestic and international payment operations, issuing "letters of credit" and guarantees, services of Custody, "corporate finance", depository bank services for "investment funds", brokerage services for local and international "capital markets", card business, e-banking services for legal and private persons, bank assurance services, leasing services and products for legal and private persons.

Hypo Alpe-Adria-Bank d.d. Mostar[edit]

Type: joint stock company Industry: Banking and Finance Seat: Kneza Branimira 2b, 88 000 Mostar, BiH Chairman of the Management Board: Sanela Pašić Hypo Mostar

Hypo Alpe-Adria-Bank a.d. Banja Luka[edit]

Type: joint stock company Industry: Banking and Finance Seat: Aleja Svetog Save, 78 000 Banja Luka, BiH Chairman of the Management Board: Dragan Kovačević Hypo Banja Luka

References[edit]

  1. ^ "2014 Konzern-Geschäftsbericht" [2014 Annual Report] (PDF) (in German). Hypo Group Alpe Adria. 28 May 2015. Retrieved 21 February 2016. 
  2. ^ "Advent International and EBRD enter agreement to acquire Hypo Group Alpe Adria AG (Southeast Europe banking network)". advent international. 23 December 2014. Retrieved 21 February 2016. 
  3. ^ "Addiko Bank – a new brand for a new, "straightforward bank"" (PDF). Addiko Bank. 7 July 2016. Retrieved 2 August 2016. 

External links[edit]