{{for|the "bad bank" from which the current Addiko Bank was spun off|Hypo Alpe Adria Bank}} {{short description|Austrian banking and financial services company}} {{Infobox company | name = Addiko Bank | logo = Addiko_Bank_Logo.svg | type = Aktiengesellschaft | founded = 2016<br/> Rebranded to Addiko Bank | hq_location = Vienna, Austria | key_people = | industry = Finance and Insurance | products = Consumer banking, Consumer Finance | former_name = Hypo Group Alpe Adria | predecessor = Balkans banks of Hypo Alpe-Adria-Bank International | net_income = €25.7 million | net_income_year = 2022 | assets = €6,408 billion (31 December 2024) | equity = €746,3 million | equity_year = 2022 | owner = [https://www.addiko.com/shareholder-structure/] | num_employees = | num_employees_year = | ratio = 21.1% (Tier 1)<ref>{{cite web|url=http://www.hypo-alpe-adria.com/sites/hypo-alpe-adria.com/files/content/file/file_download/konzerngeschaftsbericht_2014.pdf|title=2014 Konzern-Geschäftsbericht|trans-title=2014 Annual Report|date=28 May 2015|access-date=21 February 2016|publisher=Hypo Group Alpe Adria|language=German|archive-url=https://web.archive.org/web/20160302033549/http://www.hypo-alpe-adria.com/sites/hypo-alpe-adria.com/files/content/file/file_download/konzerngeschaftsbericht_2014.pdf|archive-date=2016-03-02|url-status = dead}}</ref> | website = https://www.addiko.com | footnotes = }}
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 has been designated in 2020 as a Significant Institution under the criteria of European Banking Supervision, and as a consequence is directly supervised by the European Central Bank.<ref>{{cite web |website=European Central Bank |title=List of supervised entities |date={{date|2023/01/01}} |url=https://www.bankingsupervision.europa.eu/ecb/pub/pdf/ssm.listofsupervisedentities202302.en.pdf }}</ref>
== 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 2008 financial crisis and its nationalization the same year.<ref>{{Cite web |last=Addiko Bank AG |title=Addiko bank AG Listing Prospectus 2019 |url=https://www.addiko.com/static/uploads/Addiko-Bank-AG-Listing-Prospectus-2019.pdf |access-date=2023-01-09}}</ref>
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.<ref>{{Cite web |last=Addiko Bank AG |title=Addiko Bank AG Listing Prospectus |url=https://www.addiko.com/static/uploads/Addiko-Bank-AG-Listing-Prospectus-2019.pdf |access-date=2023-01-09}}</ref>
Addiko Bank has been operating under its current name since July 2016, reflecting the rebranding of Addiko Group.<ref>{{Cite web |last=Addiko Bank AG |title=a new brand for a new straightforward bank |url=https://www.addiko.com/sites/addiko.com/files/content/announcement/file_download/addiko_bank_-_a_new_brand_for_a_new_straightforward_bank.pdf |access-date=2023-01-09 |archive-date=2016-08-18 |archive-url=https://web.archive.org/web/20160818051811/https://www.addiko.com/sites/addiko.com/files/content/announcement/file_download/addiko_bank_-_a_new_brand_for_a_new_straightforward_bank.pdf |url-status=dead }}</ref>
==See also== * List of banks in Austria * List of banks in the euro area * List of banks in Serbia {{Portal|Banks}}
==References== {{Reflist}}
{{commons category}}
Category:Holding companies of Austria Category:Banks of Bosnia and Herzegovina Category:Banks of Croatia Category:Banks of Serbia Category:Banks of Slovenia Category:Banks of Montenegro Category:Banks established in 1896 Category:Banks under direct supervision of the European Central Bank