Investor Relations

Announcement: Conference Call

Conference Call with Management

10 October 2019

3:00pm CEST (15:00 Vienna time)
The management of Addiko Bank AG will host a conference call to provide background and allow for Q&A following the Ad-Hoc issued on October 4th, 2019 related to the received draft SREP for 2020 indicating a Pillar 2 Requirement (P2R) and Pillar 2 Guidance (P2G).

Dial-in numbers and PIN:
AT: +4319286161
DE: +4969201744220
UK: +442030092470
USA: +18774230830
Participant PIN code: 55795175#

October 11, 2019: Rating Action – Moody’s places Addiko Bank AG’s deposit ratings on review for
upgrade and assigns first time Ba3 rating to Subordinated Tier 2 Notes, on review for upgrade

August 20, 2019: Addiko Group publishes 1H19 financial report

August 12, 2019: Citigroup Global Markets Limited, acting as Stabilization Manager, exercised the Greenshoe in full (975,000 shares)

August 7, 2019: Timing and details for 1H19 results announcement published

October 4, 2019: Addiko Bank AG discloses draft SREP for 2020 (pdf)
Addiko Bank AG has received a draft SREP for 2020 indicating a Pillar 2 Requirement (P2R) of 4.3% (4.1% for 2019). In addition, a Pillar 2 Guidance (P2G) of 4% is foreseen by the draft decision. Addiko Bank AG will engage with the regulator on the basis of the draft decision, addressing a variety of technical aspects on both P2R and P2G.


October 1, 2019: Ruling by the Supreme Court of the Republic of Croatia regarding CHF clauses / Preliminary assessment (pdf
The Issuer has published an ad hoc release on 17 September 2019 regarding the Croatian Supreme Court‘s ruling on the nullity of foreign exchange clauses used in CHF-denominated loans.

After further assessment, the Issuer expects that loan contracts which were not converted into EUR under the Croatian Consumer Credit Act 2015 are potentially affected by the ruling and could become the subject of individual claims for restitution. Addiko is prepared to avail itself of any legal recourse against individual claims filed.

As of the date hereof the management expects a potential provision, in the high single digit million Euro range, to be reflected in the third quarter 2019 financials dependent on the further evolvement of the circumstances.


September 17, 2019: Ruling by the Supreme Court of the Republic of Croatia regarding CHF clauses (pdf)
On September 17, 2019 the Supreme Court of the Republic of Croatia rendered a ruling in collective consumer protection claims against eight large banks in Croatia, including Addiko Bank d.d. (Zagreb), rejecting their revisions and deciding that CHF clauses used in loan agreements, linking payments in local currency to CHF, are null and void.

As a consequence of the judgment, consumers who concluded loan agreements with Addiko Bank d.d. (Zagreb) may have a right to claim nullity of the respective CHF clause with individually filed disputes.

Addiko Bank AG is currently analyzing the ruling and is assessing any impact related thereto as well as possible legal remedies.


Edgar Flaggl

Head of Investor Relations & Group Corporate Development

+43 (0) 50232 2070


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