September 25, 2016 12:39 PM ET

Banks

Company Overview of Abanka Vipa, d.d.

Company Overview

Abanka Vipa d.d. provides various banking and other financial services in Slovenia. It operates through three segments: Retail Banking, Corporate Banking, and Financial Markets. Its personal banking products and services include personal accounts; cards; consumer and housing loans; saving schemes; investment advice, stock brokerage, and mutual pension fund services; investment life, lump-sum, life, and accident insurance; safety-deposit boxes; and money transfer services. The company’s corporate banking products and services comprise accounts and cards; business financing; trade finance; and investment products, as well as advice on the spot or forward sales and purchases of foreign currency...

Slovenska Cesta 58

Ljubljana,  1517

Slovenia

Founded in 1955

1,265 Employees

Phone:

386 1 471 8100

Fax:

386 1 432 5165

Key Executives for Abanka Vipa, d.d.

Executive Director of Finance Division
Executive Director of Corporate Banking Division and Member of The Management Board
Director of Custody & Administrative Servies Department
Director of Accounting Department - Finance Division
Director of the Investment Banking - Financial Markets Division
Compensation as of Fiscal Year 2016.

Abanka Vipa, d.d. Key Developments

Abanka Announces Consolidated Earnings Results for the First Half of 2016

Abanka announced consolidated earnings results for the first half of 2016. For the period, the company’s net profit surged to EUR 47.3 million from EUR 8.6 million in the same period last year in a highly competitive environment and amid continued activities related to the merger with Banka Celje. Net interest income increased 7.3% on the year to EUR 40.1 million.

Distressed Debt Deals Set To Grow On Europe's Southeast Frontier

Abanka Vipa, d.d. high ratio of non-performing loan (NPL) has raised expectations that it could initiate a sale process within the coming months. Gorenjska banka d.d., Kranj is also rumored to be considering putting some of its bad loans up for sale. Nova Kreditna Banka Maribor d.d. was also reportedly considering selling its NPLs, but its plans are unclear following its takeover by Apollo Global Management and the European Bank for Reconstruction and Development. Marfin Investment Group Holdings S.A. and Piraeus Bank S.A. (ATSE:TPEIR) are also reportedly looking to sell NPL portfolios in Serbia. Meanwhile, as preparations to privatize Serbia's second largest lender Komercijalna banka a.d. Beograd (BELEX:KMBN) get underway, some of its loans could also be sold off.

Abanka Vipa Seeks To Sell Aleasing

Abanka Vipa, d.d. reportedly put Aleasing d.o.o up for sale. The bank is looking for a strategic investor that is willing to take over the equity holding and the entire lending exposure of Aleasing d.o.o.

Similar Private Companies By Industry

Company Name Region
Abanka Vipa, d.d. Europe
Delavska hranilnica d.d. Europe
Dezelna banka Slovenije d.d. Europe
Factor banka d.d. Europe
Gorenjska banka d.d., Kranj Europe

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 14, 2016
Cimos d.d.
 

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