Hypo Alpe Adria Bank
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.
Former Hypo Alpe-Adria-Bank logo | |
| Formerly | Hypo Alpe-Adria-Bank International |
|---|---|
| Company type | state-owned enterprise |
| Industry | Financial services |
| Founded | 1896 2014 (spin off) |
| Successor |
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| Headquarters | 1 Alpen-Adria-Platz, , Austria |
| Services | former bank under resolution |
Net income | €6.714 billion (2016) |
| Total assets | €10.788 billion (2016) |
| Total equity | €997 million (2016) |
| Owner | Austria (100%) |
| Subsidiaries |
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| Website | heta-asset-resolution.com |
| Footnotes / references in a consolidated financial statement | |
The bad bank contained the leasing subsidiary of former Hypo Alpe-Adria-Bank Group in Austria, Italy, Bulgaria, Serbia, Montenegro and North Macedonia but not in Bosnia and Herzegovina, Croatia and Slovenia, which were transferred to the "good bank".
In the past Hypo Alpe-Adria-Bank International was also active in Austria, Germany, Italy, Bulgaria, Hungary and Ukraine. 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. The Austrian branches were sold in 2013 (now Austrian Anadi Bank).