Hypo Alpe-Adria-Bank (Italy)
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.
Native name | Hypo Alpe-Adria-Bank S.p.A. |
|---|---|
| Formerly | Finservice S.r.l. |
| Company type | state-owned enterprise |
| Industry | Financial services |
| Founded |
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| Defunct | winding down since 2016 |
| Headquarters |
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Number of locations | 26 (2015) |
Area served | Northern Italy |
Key people | Florian Schumi (chairman) |
| Services | Retail and corporate banking |
Net income | € negative 120 million (2016) |
| Total assets | €1.257 billion (2016) |
| Total equity | €123 million (2016) |
| Owner | Austria |
| Parent | HBI-Bundesholding (100%) |
| Capital ratio | 13.16% (CET1 Capital ratio) |
| Website | www |
| Footnotes / references source: | |
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.: 9 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).