Hypo Alpe-Adria -Bank: It was owned by the Austrian government

Oct 16, 2019

Hypo Alpe-Adria -Bank International AG, which ended in 2014. It was owned by the Austrian government. In 2012, Hypo Alpe Adria Bank realized that in order to improve customer service, it needs to increase application performance and improve access to information. The bank and the back-office operator want to improve response time, so he decided to bring revolution in his IT systems, eventually making his entire IT infrastructure fully virtualized. Bad bank includes Austria, Italy, Bulgaria, Serbia, Montenegro and Macedonia, the leasing subsidiary of the former Hypo Alpe-Adria -Bank Group, but not in Bosnia and Herzegovina, Croatia and Slovenia, which migrated to "good bank".

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In the past Hypo Alpe-Adria-Bank International was active in Austria, Germany, Italy, Bulgaria, Hungary and Ukraine. However, due to the European debt crisis, the group was divided into HBI- Bundesholding AG, Balkan Banks and Bad Bank, Heta Asset Resolution AG in 2014. In Italy, leasing subsidiaries of former Hypo Alpe-Adria-Bank International, Bulgaria, Serbia, Montenegro and Macedonia were placed in bad banks. Austrian branches were sold in 2013.

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The bank was founded in 1896 as Landes-und Hypothekenbank. In the 1990s, it exploded extensively in the Alps-to-Adriatic region. In 2004, the company was named Hypo Alpe-Adria-Bank International A.G., which is a holding company for "Hypo Alpe-Adria-Bank" subsidiaries.