Hypo Group Alpe Adria
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Formerly called
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Hypo Group Alpe Adria |
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| 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 |
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| Capital ratio | 20.1% (Tier 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. However, the bank itself did not have a banking license in Austria, which now owned by Austrian Anadi Bank, another bank that was spun off Hypo Alpe-Adria-Bank International AG.
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, 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, which has been operating under the name of Hypo Alpe-Adria-Bank a.d., Banja Luka since 2003.
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%).
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.
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.
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Wikipedia