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Serbian Investor Plans Entry into Austrian Addiko Bank
A new investor is showing interest in Addiko Bank, a financial institution that emerged from the former Hypo Alpe Adria Balkan banks. The Cypriot company Agri Europe Cyprus, which is attributed to Serbian businessman Miodrag Kostić, is planning to acquire a significant stake in the bank.
Agri Europe Cyprus, led by Serbian businessman Miodrag Kostić, plans to acquire a significant stake in Addiko Bank, a financial institution that emerged from former Hypo Alpe Adria Balkan banks. / Picture: © Wikimedia Commons / Marija5539 / CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)
Addiko Bank has its origins in Austria and emerged from the restructuring and renaming of the former Hypo Alpe-Adria-Bank International AG, as reported by ORF. Following the restructuring, Addiko Bank focused primarily on the Central and South Eastern European market, with a network of subsidiary banks and branches in several…
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