trending Market Intelligence /marketintelligence/en/news-insights/trending/iSV8qhT7hEiKEtvO6LEkIA2 content esgSubNav
In This List

Report: Hypo Alpe-Adria changes name as part of restructuring

Blog

Banking Essentials Newsletter: January 11th Edition

Blog

Banking Essentials Newsletter December 21st Edition

Blog

The Road to Basel IV: Navigating the challenge facing European banks

Blog

Basel Framework- Utilizing data to analyze the capital position of European banks.


Report: Hypo Alpe-Adria changes name as part of restructuring

HypoAlpe-Adria-Bank and its subsidiaries in Serbia and other Balkan countries willchange their name to Addiko Bank as of July 11, SEENews reported July 7.

Thebank wants to reclaim its position among the five largest banks in the region,SEENews noted, citing a press release. It will focus on providing services tohouseholds and small and mid-sized businesses.

CEO ZoranVojnovic was cited as saying that the change of the name constitutes part ofrestructuring of the group after Austria sold it to Advent International and the European Bankfor Reconstruction and Development.

Inaddition to Serbia, which is the largest market for Addiko in the region, theBalkan banking network also comprises Bosnia's and Hypo Alpe-Adria-Bank ddMostar, Croatia's HypoAlpe-Adria-Bank dd, Slovenia's Hypo Alpe-Adria-Bank dd and Montenegro's , the news report said.