Investor News

BAWAG Group Managing Board waives 2019 & 2020 bonuses

The Managing Board of BAWAG Group today announced that it has voluntarily waived their bonuses for 2020, in addition to having already waived their bonuses for 2019. Additionally, the Managing Board has implemented a special rewards program for all front-line employees supporting customers during these challenging times.

“In light of the current environment and the hardships faced by many, the Managing Board has waived any potential bonuses for 2020, in addition to having already waived all bonuses for 2019. We’ve also instituted a special rewards program for front-line team members working in the branches that have gone above and beyond in ensuring we keep our branches open to support our customers. The teams are providing a critical service to many customers during these challenging times and truly represent the best of the banking community”, CEO Anas Abuzaakouk commented.

The full release and related releases:

20200403 - BAWAG Group Managing Board waives 2019 & 2020 bonuses
20200329 - BAWAG Group's response to coronavirus and ECB communication
BAWAG Group update on coronavirus and exposure overview

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