Addiko Bank AG
25.80
EUR
-0.20
(-0.77%)
ISIN
AT000ADDIKO0
Return %
Stock
S&P 500
1Y
25.85
14.20
3Y
107.23
81.12
5Y
77.93
68.34
Capital Structure
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EUR
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in mil. unless spec.Growth Rates
EUR
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EUR
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Herbert Juranek
- Full Time Employees
- 2,529
- Sector
- Finance
- Industry
- Regional banks
- Address
- Canettistrasse 5 / 12. OG Vienna WI Austria 1100
- IPO Date
- Jul 11, 2019
- Website
- addiko.com
- Similar Companies
- Business
- Addiko Bank AG (ADKO.VI) is a specialist banking group headquartered in Vienna, Austria, that provides banking products and services to consumers and small and medium-sized enterprises (SMEs) primarily in Central and South-Eastern Europe (CSEE), including Croatia, Slovenia, Bosnia & Herzegovina, Serbia, Montenegro, and preparations for digital expansion into Romania; the group operates through Addiko Bank AG as the fully licensed Austrian parent and six subsidiary banks with approximately 0.9 million customers, 154 branches, and advanced digital channels. Core offerings encompass unsecured personal loans, working capital loans for SMEs, end-to-end (E2E) digital lending solutions, payment services, savings accounts, credit cards, deposits, bancassurance, accounts and packages, automated overdrafts, business credit cards, and mobile banking applications; the focus portfolio, comprising 91% of gross performing loans, generates yields of around 6.5% with new business yields at 7.3% for consumer and 5.1% for SME lending, funded largely by retail deposits with a loan-to-deposit ratio of 68%. Non-focus areas such as mortgages, large corporate, and public lending have been wound down to support growth in consumer and SME segments, which represent 89.5% of the gross performing loan book of €3.58 billion as of 1H25. In 1H25, Addiko reported net profit of €24.0 million, reflecting stable net banking income amid ECB rate cuts, cost income ratio of 62.8%, cost of risk at -0.40% on net loans, NPE ratio stable at 2.9% with 80.8% coverage, CET1 ratio of 21.3% under Basel IV, and customer deposits of €5.3 billion with liquidity coverage ratio over 400%; full-year 2024 results showed net profit up 10% to €45.4 million, operating result of €112.3 million, and RoATE of 5.7%. Recent strategic developments include the completion of the Acceleration Program in 2024 driving digital E2E lending launches in Slovenia, Croatia, Romania, and Bosnia & Herzegovina's Postman process; SME product introductions such as automated overdrafts, business credit cards, and bancassurance; Romania digital lending pilot in 1Q25 with 360-degree marketing and POS partnerships; branch digitalization; mobile app enhancements; and a 4% YoY active customer base growth. Unsuccessful voluntary takeover offers in 2024 by Nova Ljubljanska banka d.d. (NLB, targeting 75% but failing threshold) and Agri Europe Cyprus Ltd. (partial offer for 17%, minimal acceptance), plus shareholder changes involving Alta Pay Group, Diplomat Pay, and sales to S-Quad Handels- und Beteiligungs GmbH, led to ECB suspension of 2024 dividends and €3.0 million advisory costs; Management Board contracts extended through 2027-2028 for continuity. Additional listing on Xetra in Germany in April 2024 enhances investor access, while 2025 outlook adjusts for regulatory lending restrictions and rate cuts with loan growth CAGR over 6%, NBI flat, RoATE above 4.5%, and NPE ratio under 3%.
Company News
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