British-Indian-Austrian Anadi Bank Remains on Growth Course

Published: September 7, 2018; 13:30 · (Vindobona)

The former Austrian branches of Hypo Alpe-Adria-Bank International were bought by Indian Investor Sanjeev Kanoria and transferred to British-Indian-Austrian Anadi Bank in 2013. The bank continues its successful growth course in the first half of 2018, although the result from ordinary business activities declined by 37% and profit after tax by 42% compared to the same period of the previous year. The bank describes itself as a bank with the strengths of a tiger. The Anadi Tiger establishes, on the one hand, a symbolic connection to India, on the other hand, he embodies strength, speed, security and flexibility - qualities that the bank expects from itself. Also, Anadi means “eternal” in Hindi and stands for tradition, reliability, and sustainability.

Anadi Bank: "A bank with the strengths of a tiger" / Picture: © Austrian Anadi Bank AG

The Austrian Anadi Bank continued its successful growth course in the first half of 2018.

Net commission income increased significantly by EUR 1.72 million to EUR 8.18 million (+26.2%) in the first half of 2018, mainly due to the very positive development of lending business.

New lending business in the core areas of Retail and Corporate doubled compared with the previous period. Operating expenses were significantly reduced in the comparable period and amounted to EUR 21.85 million (30.06.2017: EUR 24.54 million). This reduction is mainly attributable to the release of provisions for restructuring measures and to savings in operating expenses.

Operating income amounted to EUR 25.37 million as at 30 June 2018 (30 June 2017: EUR 36.90 million), net interest income amounted to EUR 16.12 million (30 June 2017: EUR 27.25 million). Due to positive one-off effects in 2017, however, these figures are hardly comparable with those of the previous year. As at 30 June 2018, profit from ordinary activities amounted to EUR 2.48 million (30 June 2017: EUR 3.88 million), profit after tax to EUR 0.64 million (30 June 2017: EUR 1.09 million).

Healthy balance sheet and strong equity base

Total assets remained stable in the first half of 2018 and amounted to EUR 2.81 billion as at 30 June 2018 (31 December 2017: EUR 2.89 billion).

Due to the continued growth in new business in the core areas of Retail and Corporate Banking, net loans and advances to customers increased by EUR 0.08 billion to EUR 2.11 billion (+4.0%).

At 15.0 %, the hard core capital ratio (CET1 ratio) was still high at the reporting date (31.12.2017: 16.2 %), with the slight decline resulting from the pleasing increase in new lending business.

The bank's key figures for the first half of 2018 are well above the regulatory requirements.

Solid foundation for further growth

"We were able to continue our success story in the first half of 2018," said Christoph Raninger, CEO of Austrian Anadi Bank. "The sustained strong development in both new lending business and customer deposits has further strengthened the foundation for the continued expansion of our business. As a 'smart hybrid bank for private customers and SMEs', we have found our position in the market. From a regional bank in Carinthia, we have now become a supra-regional hybrid bank with an interesting range of products and services for our customers. We are fully on track to achieve our ambitious goals for 2018," concludes Raninger.

About Austrian Anadi Bank AG

Austrian Anadi Bank AG is a mobile, multi-channel bank with the business segments: Retail Banking, Corporate Banking and Public Finance.

We offer our customers easy-to-use digital services, a mobile consulting team and branches in select metropolitan areas.

At 10 locations in Carinthia, Salzburg, Styria, and Vienna, over 348 employees are committed to addressing your concerns and wishes.

With a balance sheet total of approx. EUR 3.0 billion and over 56,000 clients, Austrian Anadi Bank is a company which scores points with a high level of service and close partnership with clients rather than with size.

Since 2013 the Austrian Anadi Bank has been owned by Dr. Sanjeev Kanoria. The Britisch-Indian family Kanoria owns a comprehensive corporate group in the health, ICT, and agriculture sectors and is a major player in the financing of infrastructure projects. Together with our British-Indian owner, we make unique access to the growth market of India possible for companies in Austria and Central Europe and support clients in areas from business development to comprehensive finance solutions in daily Business.

A bank with the strengths of a tigerIn our new market presence, the Anadi Tiger establishes, on the one hand, a symbolic connection to India. On the other hand, he embodies strength, speed, security and flexibility – and therefore also the qualities which Austrian Anadi Bank newly demonstrates daily. For example, we use mobile, digital services, such as the online banking app, in order to facilitate daily payment transactions for our clients – needless to say while meeting the highest security standards. In the future we will also offer unique service with our mobile bank consultant and serve you as the most mobile Austrian bank.

By the way: “Anadi” means “eternal” in Hindi and stands for tradition, reliability, and sustainability of our bank. This is because the roots of the Austrian Anadi Bank go back to Klagenfurt in the year 1896, to the foundation of the Carinthian Regional Mortgage Institution (Landeshypothekenanstalt). Since forever – and also in the future – we humans and companies have wanted to make successful money management as easy as possible. With this aim in view, we have expanded our statement in 2017 to include a future-oriented addition: “Austrian Anadi Bank. Your future bank – since 1896.“ And it is exactly into this future which we are pleased to accompany you.

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