BAWAG Group today announces the signing of a transaction to acquire 100% of the shares in Knab, from ASR Nederland N.V. (a.s.r.), for a consideration of € 510 million payable at closing.

BAWAG Group publishes the preliminary financial results for the full year 2023, reporting a net profit of € 683 million, earnings per share € 8.31, and an RoTCE of 25.0%. The operating performance of our business was strong with pre-provision profits of € 1,040 million and a cost-income ratio of 31.8%. For the fourth quarter 2023, BAWAG Group reported a net profit of € 177 million, earnings per share of € 2.15, an RoTCE of 25.7%, and a CIR of 32.0%. 

BAWAG Group today announces the sale of start:bausparkasse AG in Germany (formerly Deutscher Ring Bausparkasse) to Wüstenrot Bausparkasse AG in Germany.

BAWAG Group today announces the sale of start:bausparkasse AG in Germany (formerly Deutscher Ring Bausparkasse) to Wüstenrot Bausparkasse AG in Germany.

Dexia and BAWAG Group today announce that they have signed a sale and purchase agreement allowing BAWAG Group to buy Dexia Crédit Local’s five non-regulated leasing entities: DCL Evolution, Alsatram, Dexiarail, as well as Dexia Flobail and Dexia CLF Régions Bail, both renamed Dexia FB France and Dexia RB France, following the withdrawal of their finance company authorisations, which was approved by the French Autorité de Contrôle Prudentiel et de Résolution (ACPR) on 27 October 2023 and took effect on the same date. 

Today, BAWAG Group announces the successful completion of the acquisition of Peak Bancorp, the holding company for Idaho First Bank. Peak Bancorp, with its subsidiary Idaho First Bank, will become a 100% subsidiary of BAWAG Group. BAWAG Group will work with the current leadership team of Idaho First Bank to continue growing its community-focused Retail and SME business in Idaho and adjacent markets, while also providing the operational support and financial strength of a broader banking group

BAWAG Group announced the receipt of all regulatory approvals for the acquisition of Peak Bancorp, the holding company for Idaho First Bank, a state-chartered community bank.

BAWAG Group released its results for the third quarter 2023, reporting a net profit of € 186 million, € 2.25 earnings per share, and a RoTCE of 27.6%.
 

Today, the Management Board of BAWAG Group AG (BAWAG) received the decision of the European Central Bank (ECB) pursuant to which the ECB approved a share buyback of € 175 million.
 

Today the EBA and ECB published the results of the 2023 stress test. Under the theoretical adverse scenario, BAWAG Group’s CET1 ratio would fall by 90 basis points to 12.61% after three years from 13.51% at year-end 2022.

BAWAG Group released its results for the second quarter 2023, reporting a net profit of € 181 million, € 2.19 earnings per share, and a RoTCE of 25.9%.

VIENNA, Austria – July 11, 2023 – Moody’s today announced that it upgraded BAWAG P.S.K.’s long-term deposit, issuer and senior unsecured ratings to A1 from A2 closing the review for upgrade as communicated by Moody’s on 20 June 2023.

Today, BAWAG Group publishes an early-read of financial results for the second quarter 2023. This early release provides the market with an update on underlying performance of our business, reflects the continued strength of the franchise, and most importantly provides our customers, employees, and shareholders with facts about the business.  

Today, Petrus Advisers published a report on BAWAG Group. We generally appreciate investor feedback, however, in this particular case we disagree with the report and would highlight the following: