Formerly | Hypo Alpe-Adria-Bank International |
---|---|
Company type | state-owned enterprise |
Industry | Financial services |
Founded | 1896 2014 (spin off) |
Successor |
|
Headquarters | 1 Alpen-Adria-Platz, , Austria |
Services | former bank under resolution |
€ 6.714 billion (2016) | |
Total assets | €10.788 billion (2016) |
Total equity | € 997 million (2016) |
Owner | Austria (100%) |
Subsidiaries |
|
Website | heta-asset-resolution.com |
Footnotes / references in a consolidated financial statement[1] |
Heta Asset Resolution A.G. is a "bad bank" that was the residual asset of the original Hypo Alpe-Adria-Bank International A.G., which was dismantled in 2014. It was owned by the Government of Austria.
The bad bank contained the leasing subsidiary of former Hypo Alpe-Adria-Bank Group in Austria, Italy, Bulgaria, Serbia, Montenegro and North Macedonia[2] but not in Bosnia and Herzegovina, Croatia and Slovenia, which were transferred to the "good bank".[3]
In the past Hypo Alpe-Adria-Bank International was also active in Austria, Germany, Italy, Bulgaria, Hungary and Ukraine.[4] However, due to the European debt crisis, the group was split into HBI-Bundesholding AG (consisting of the subsidiary Hypo Alpe-Adria-Bank S.p.A.; Italy), the Balkan banks (Hypo Group Alpe Adria AG; now Addiko Bank) and a bad bank, Heta Asset Resolution AG (ex-Hypo Alpe-Adria-Bank International AG) in 2014. The leasing subsidiaries of the former Hypo Alpe-Adria-Bank International in Italy, Bulgaria, Serbia, Montenegro and North Macedonia were retained in the bad bank.[5] The Austrian branches were sold in 2013 (now Austrian Anadi Bank).