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SIBE22279_BAWAGGroup_Webseite_50-50_Cards_660x377_230302_1745_1

Preliminary FY 2023 Earnings Call

BAWAG Group released its preliminary FY 2023 results. An earnings call was held with our CEO Anas Abuzaakouk, our CFO Enver Sirucic and our CRO David O’Leary at 10 a.m. CET on 1 February 2024.

The webcast is available here

Preliminary FY 2023 Results

Earnings per share

in €

RoTCE

in percent

€ 683 million

Net Profit

0.22%

Risk Cost Ratio

31.8%

CIR

14.7%

CET1 ratio

FY 2023 Highlights

  • Q4 ’23 net profit of € 177 million and RoTCE 25.7% 

  • Average customer deposits +2% and average customer funding +2% versus prior quarter 

  • FY ’23 net profit of € 683 million, EPS of € 8.31 and RoTCE of 25.0% 

  • € 175 million buyback fully executed during Q4 ’23 and cancelled 3.9 million shares 

  • CET1 ratio at 14.7% after deducting dividend accrual of € 393 million dividend accrual for FY‘23

  • Target for 2024: Profit before tax > € 920 million  

  • Return targets for 2024 & beyond of 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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