Slavonska Banka
Slavonska Banka (lit. 'Bank of Slavonia') was a bank based in Osijek, now in Croatia.
Overview
From late 1995 to 1997, Slavonska Banka entered a phase of restructuring led by the Croatian State Agency for Bank Rehabilitation and Deposit Insurance (Državna Agencija za osiguranja štednih uloga i sanaciju Banaka, DAB), which took 35 percent of its equity; the DAB simultaneously restructured Privredna Banka Zagreb, Riječka Banka, and Splitska Banka.[1] In August 1998, a majority stake in Slavonska Banka was acquired by Kärntner Landes- und Hypothekenbank together with the European Bank for Reconstruction and Development (EBRD),[2] marking the effective start of banking sector privatization in Croatia.[3]: 9 In 2004, Kärntner Landes- und Hypothekenbank was renamed as Hypo Alpe Adria Bank.
In September 2007, Bayerische Landesbank acquired majority ownership in both Hypo Alpe-Adria-Bank Croatia and Slavonska Banka.[4] By then, Slavonska Banka was the ninth-largest bank in Croatia.[5] In 2009, Slavonska Banka was fully absorbed by Hypo Alpe-Adria-Bank Croatia, still majority-owned by Bayerische Landesbank.[6]
In late 2014, it was announced that Hypo Group Alpe Adria AG, the Austrian entity that owned Hypo Alpe-Adria-Bank Croatia together with other operations in Southeast Europe, would be acquired by private equity firm Advent International together with the EBRD.[7] The transaction as completed in 2015, when the network was rebranded as Addiko Bank.[8]: 3
Slavonska Banka was headquartered at Kapucinska ulica 29 in the center of Osijek.[9]: 17
See also
References
- ↑ "Republic of Croatia: Selected Issues and Statistical Appendix". International Monetary Fund. 5 October 1998.
- ↑ "Austria's Hypobank & EBRD Majority Owners of Slavonska Bank". Hrvatska Izvještajna Novinska Agencija. 17 August 1999.
- ↑ John P. Bonin (June 2004), "Banking in the Balkans: the Structure of Banking Sectors in Southeast Europe", Economic Systems (28): 141–153
- ↑ "BLB received approvals for HAAB and Slavonska banka". Croatian National Bank. 12 September 2007.
- ↑ Dessislava Dimitrova (17 July 2007). "Croatia's Slavonska Banka Plans 30 Mln Euro Cap Hike". SeeNews.
- ↑ Kire Nedelkovski (29 January 2009). "Croatia's Hypo Alpe-Adria-Bank, Slavonska Banka To Merge". SeeNews.
- ↑ Next important step in the Hypo Group Alpe Adria AG sale process (PDF), Hypo Alpe Adria, 22 December 2014
- ↑ Addiko Bank AG (PDF), Moody's Investor Service, 11 May 2021
- ↑ Banking System in 1998, Croatian National Bank, March 2000