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Addiko Bank AG: Addiko Bank Extends Listing to Xetra in Frankfurt to Activate Broader Investor Base
Vienna (pta018/02.04.2024/11:00 UTC+2)
- Trading of Addiko Bank AG shares on Xetra commenced on 2 April 2024
- Accessibility to broader investor base underscores the group's commitment to fostering transparency, investor engagement and enhanced trading liquidity
- Decision adds to Addiko's strategic Acceleration Program and 2024 objectives
Vienna, 2 April 2024 – Addiko Bank AG, a Consumer and SME specialist bank with headquarters in Austria and active across Central and South-Eastern Europe (CSEE), completed its additional listing on the Xetra trading platform in Germany.
The start of trading of Addiko Bank AG shares on Xetra increases Addiko's visibility on the capital markets, creates accessibility to a broader investor base globally and underscores the group's commitment to fostering transparency, investor engagement and enhanced trading liquidity.
"We are looking forward to our additional listing on the Xetra trading platform", said Constantin Gussich, Head of Investor Relations at Addiko Bank AG. "It reflects our ongoing commitment to creating long-term value for our stakeholders and strengthening our position in the capital markets."
The decision to commence trading on Xetra adds to Addiko's strategic Acceleration Program aimed at value generation, operational excellence and becoming the best specialist bank for Consumers and SMEs in CSEE. The program sets the framework for Addiko's 2024 growth ambitions and builds on continued focus on operational excellence, strengthened risk management, improved digital services and processes as well as a strong commitment to customer satisfaction.
Media contact
Carmen Staicu
Managing Director, Group Marketing & Corporate Communications
carmen.staicu@addiko.com
Investor Contact
Constantin Gussich
Head of Investor Relations & Group Corporate Development
investor.relations@addiko.com
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About Addiko Group
Addiko Group is a specialist banking group focusing on providing banking products and services to Consumer and Small and Medium-sized Enterprises (SME) in Central and South-Eastern Europe (CSEE). The Group consists of Addiko Bank AG, the fully-licensed Austrian parent bank registered in Vienna, Austria, listed on the Vienna Stock Exchange and supervised by the Austrian Financial Market Authority and the European Central Bank, as well as six subsidiary banks, registered, licensed and operating in five CSEE countries: Croatia, Slovenia, Bosnia & Herzegovina (where it operates via two banks), Serbia and Montenegro. Through its six subsidiary banks, Addiko Group services as of 31 December 2023 approximately 0.9 million customers in CSEE using a well-dispersed network of 154 branches and modern digital banking channels.
Based on its strategy, Addiko Group has repositioned itself as a specialist Consumer and SME banking group with a focus on growing its Consumer and SME lending activities as well as payment services (its "focus areas"). It offers unsecured personal loan products for Consumers and working capital loans for its SME customers and is largely funded by retail deposits. Addiko Group's Mortgage business, Public and Large Corporate lending portfolios (its "non-focus areas") are subject of an accelerated run-down process, thereby providing liquidity and capital for the growth in its Consumer and SME lending.
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Emitter: |
Addiko Bank AG Canetti Tower, Canettistraße 5/12.OG 1100 Wien Austria |
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Contact Person: | Addiko Investor Relations | |
Phone: | +43 664 884 268 31 | |
E-Mail: | investor.relations@addiko.com | |
Website: | www.addiko.com | |
ISIN(s): | AT000ADDIKO0 (Share) | |
Stock Exchange(s): | Vienna Stock Exchange (Official Trade) |