British-Indian-Austrian Anadi Bank Remains on Growth Course

Professional ServicesFinancial Services ♦ 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…