Hypo Alpe-Adria-Bank S.p.A. also known as HBI was an Italian bank based in Tavagnacco, in the Province of Udine, Friuli – Venezia Giulia region. The registered office of the bank was located in Udine. In the past, the bank was a subsidiary of Hypo Alpe-Adria-Bank International, which was planned to wind down as "bad bank" and separate saleable assets in 2013 as "good bank". In 2014 the subsidiary was spun off from the bad bank as a separate wind-down unit. As at 31 December 2014, Hypo Italy was a subsidiary HBI-Bundesholding A.G., a Vienna-based sub-holding company for the government of Austria.
The bank had 19 branches in Italy: Veneto (7), Lombardy (6) and Friuli – Venezia Giulia (6) before the company closed all the branches on 23 December 2016.[1] The Italian leasing department of Hypo Alpe-Adria Italy remained in the bad bank, now known as Heta Asset Resolution Italia S.r.l., a subsidiary of Heta Asset Resolution (sold in 2016 to a private equity fund).
History
The bank was founded in 1986 as Finservice S.r.l., a company provides finance lease. In 1988 it was purchased by Kärntner Landes und Hypothekenbank (later trading as Hypo Alpe-Adria-Bank). The bank was renamed into Hyposervice S.r.l. and became società per azioni in 1990. In 1998 the company became a bank.[2]