An apparatus for sub-band processing of an input signal includes an analysis filter bank, signal processors and a synthesis filter bank. The analysis filter bank includes first and second signal branches for decomposing the input signal into two sub-band signals. The first signal branch includes a decimation filter connected upstream of a down-sampling unit and a basis filter. The second branch includes an all-pass filter and a subtractor that is connected downstream of the all-pass filter and the basis filter in the first signal branch via an up-sampling unit and a subsequent interpolation filter. At least one of the decimation filter and the interpolation filter is an infinite impulse response filter, and the all-pass filter has a phase response that compensates for a phase response of at least one of the decimation filter and the interpolation filter.