Funding Strategy

The cornerstone of BAWAG Group’s funding strategy continues to be our stable customer deposit base, mainly driven by our strong retail franchise. Traditionally, we have a national funding base for the single group members largely independent of the international markets.

We supplement our customer deposits with a diversified strategy of wholesale funding. BAWAG P.S.K. is the main issuing entity for senior secured and senior unsecured capital market issuances. Any funding activities that are executed for capital reasons will be done directly by BAWAG Group. The funding strategy is aimed at ensuring an optimal refinancing base that is as broad as possible. The issuance policy places emphasis on the strategic inclusion of international benchmarks and private placements.

BAWAG P.S.K. has two cover pools rated by Moody’s which are used to issue covered bonds.