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SIBE22279_BAWAGGroup_Webseite_50-50_Cards_660x377_230302_1745_1

Q1 2024 Earnings Call

BAWAG Group will host the Q1 2024 earnings call on 29 April 2024 at 10 am CEST with our CEO Anas Abuzaakouk and our CFO Enver Sirucic.

The webcast is available here

Q1 2024 Results

Earnings per share

in €

RoTCE

in percent

€ 167 million

Net Profit

0.28%

Risk Cost Ratio

32.9%

CIR

15.6%

CET1 ratio

Q1 2024 Highlights

  • Q1 ’24 net profit of € 167 million, EPS of € 2.11 and RoTCE of 23.7%
  • Average customer deposits +1% and average customer loans flat versus prior quarter
  • Pre-provision profit of € 258 million (+4% vPY) and CIR at 32.9%
  • Risk-cost ratio of 28 basis points … NPL ratio at 1.0%
  • CET1 ratio of 15.6% post-deduction of dividend accrual of € 92 million for Q1 ‘24
  • Targets for 2024 reconfirmed: Profit before tax > €920 million, RoTCE >20%, and CIR < 34%
     

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Jutta Wimmer

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Jutta Wimmer
Head of Investor Relations

+43 (0) 59905-34444

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