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.[2]
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.[3]