Addiko Bank

Founded in 2016, Addiko Group is a specialist banking group focused on providing in-person and digital banking products and services to consumers and small and medium-sized enterprises (SME) in Central and South-Eastern Europe (CSEE).

For the "bad bank" from which the current Addiko Bank was spun off, see Hypo Alpe Adria Bank.
Addiko Bank
FormerlyHypo Group Alpe Adria
TypeAktiengesellschaft
IndustryFinance and Insurance
PredecessorBalkans banks of Hypo Alpe-Adria-Bank International
Founded2016
Rebranded to Addiko Bank
HeadquartersVienna, Austria
ProductsConsumer banking, Consumer Finance
€25.7 million (2022)
Total assets€5.996,4 billion (2022)
Total equity€746,3 million (2022)
Capital ratio21.1% (Tier 1)[1]


The Group’s parent is Addiko Bank AG, based in Vienna and regulated by the European Central Bank and the Austrian Financial Market Authority. Addiko operates through six subsidiaries in Slovenia, Croatia, Bosnia & Herzegovina, Serbia and Montenegro. [2] The bank services about 0.8 million customers with a network of ca. 155 branches in addition to digital solutions. [3]

History

Addiko Group was established when the former Hypo-Alpe-Adria International AG spun off its CSEE banking subsidiaries. Austria-based Hypo-Alpe-Adria had established business units in the region after 1996 by offering leasing businesses. The bank later added more banking activities including consumer, corporate and public finance. The company experienced the most significant growth from 2002 onwards, with a focus on risky and large-scale financings especially in real estate and tourism projects, until the outbreak of the global financial crisis in 2008 and its nationalization the same year.[4]


In 2015, AI Lake, indirectly owned by funds advised by Advent International, a global private equity investor, and the European Bank for Reconstruction and Development (EBRD), acquired Addiko Bank AG following a sales process required by the European Commission.[5]


Addiko Bank has been operating under its current name since July 2016, reflecting the rebranding of Addiko Group.[6]


Stock-Market-Listing

On 12 July 2019, Addiko Bank AG listed on the Vienna Stock Exchange. Based on the total number of 19,500,000 shares and an offering price of EUR 16.0 per share, the company was valued at EUR 312.0 million.[7]

The Management board consists of four members chaired by Addiko CEO Herbert Juranek:

Chief Executive Officer – Herbert Juranek

Chief Financial Officer - Edgar Flaggl

Chief Risk Officer - Tadej Krašovec

Chief Market, IT & Digitalization Officer - Ganesh Krishnamoorthi[8]

Subsidiaries

·       Croatia

Addiko Bank d.d. - 10000 Zagreb, Slavonska avenija 6

·       Slovenia

Addiko Bank d.d. - 1000 Ljubljana, Dunajska cesta 117

·       Montenegro

Addiko Bank AD Podgorica - Bulevar Džordža Vašingtona 98, 81000 Podgorica

·       Bosnia&Herzegovina

Addiko Bank d.d. - Trg Solidarnosti 12, 71 000 Sarajevo

Addiko Bank a.d. - Aleja Svetog Save 13, 78 000 Banja Luka

·       Serbia

Addiko Bank a.d. Beograd - Milutina Milankovića 7v, 11070 Beograd

See also

References
  1. "2014 Konzern-Geschäftsbericht" [2014 Annual Report] (PDF) (in German). Hypo Group Alpe Adria. 28 May 2015. Archived from the original (PDF) on 2016-03-02. Retrieved 21 February 2016.
  2. Addiko Bank AG. "Shareholder Structure". Addiko Bank AG. Retrieved 2023-01-09.
  3. Addiko Bank AG (2022-03-09). "Addiko Group Results Presentation YE21-2" (PDF). Retrieved 2023-01-09.
  4. Addiko Bank AG. "Addiko bank AG Listing Prospectus 2019" (PDF). Retrieved 2023-01-09.
  5. Addiko Bank AG. "Addiko Bank AG Listing Prospectus" (PDF). Retrieved 2023-01-09.
  6. Addiko Bank AG. "a new brand for a new straightforward bank" (PDF). Retrieved 2023-01-09.
  7. Wiener Börse. "Addiko 2019 dritter und größter Börsengang prime market". Retrieved 2023-01-09.
  8. Addiko Bank AG. "management board".
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