Addiko Bank
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The Addiko Bank is an
Austria Austria, , bar, Östareich officially the Republic of Austria, is a country in the southern part of Central Europe, lying in the Eastern Alps. It is a federation of nine states, one of which is the capital, Vienna, the most populous ...
n
bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...
ing group with numerous cross-border activities in the
Alps The Alps () ; german: Alpen ; it, Alpi ; rm, Alps ; sl, Alpe . are the highest and most extensive mountain range system that lies entirely in Europe, stretching approximately across seven Alpine countries (from west to east): France, Sw ...
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Adriatic The Adriatic Sea () is a body of water separating the Italian Peninsula from the Balkans, Balkan Peninsula. The Adriatic is the northernmost arm of the Mediterranean Sea, extending from the Strait of Otranto (where it connects to the Ionian Sea) ...
region. The group is active in
Slovenia Slovenia ( ; sl, Slovenija ), officially the Republic of Slovenia (Slovene: , abbr.: ''RS''), is a country in Central Europe. It is bordered by Italy to the west, Austria to the north, Hungary to the northeast, Croatia to the southeast, an ...
,
Croatia , image_flag = Flag of Croatia.svg , image_coat = Coat of arms of Croatia.svg , anthem = "Lijepa naša domovino"("Our Beautiful Homeland") , image_map = , map_caption = , capit ...
,
Bosnia and Herzegovina Bosnia and Herzegovina ( sh, / , ), abbreviated BiH () or B&H, sometimes called Bosnia–Herzegovina and often known informally as Bosnia, is a country at the crossroads of south and southeast Europe, located in the Balkans. Bosnia and H ...
, 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.


History

Addiko Bank was the Balkan branches of Hypo Alpe-Adria-Bank International AG, which in 1990s explosively expanded into the Alps-to-Adriatic region. which thereafter was operating under the name of Hypo Alpe-Adria-Bank d.d., Mostar. which has been operating under the name of Hypo Alpe-Adria-Bank a.d., Banja Luka 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 The European Bank for Reconstruction and Development (EBRD) is an international financial institution founded in 1991. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. Initially focus ...
(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.


Business: banking and leasing

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

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


Hypo Alpe-Adria-Bank a.d. Banja Luka

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


See also

* List of banks in Serbia


References

{{Reflist Holding companies of Austria Banks of Bosnia and Herzegovina Banks of Croatia Banks of Serbia Banks of Slovenia Banks of Montenegro Banks established in 1896