BAWAG Group AG is a publicly listed holding company headquartered in Vienna, Austria, serving 2.3 million retail, small business, corporate and public sector customers across Austria, Germany, Switzerland, Netherlands and other developed markets. The Group operates under various brands and across multiple channels offering comprehensive savings, payment, lending, leasing, investment, building society, factoring and insurance products and services. Delivering simple, transparent, and reliable financial products and services that address our customers’ needs is our strategy across the Group.
Learn more about BAWAG Group and our Strategy:
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| 1883 | "Postsparkasse" founded by economist Georg Coch |
1922 | “Arbeiterbank” (workers’ bank) founded by Austrian politician Karl Renner |
| 1997 | easybank established Austria’s first direct bank |
| 2000 | BAWAG acquired P.S.K. Creation of one of the largest banking groups in Austria |
| 2005 | BAWAG and P.S.K. merged to form BAWAG P.S.K |
2007 | BAWAG P.S.K. acquired by Cerberus and consortium of Austrian investors during financial crisis |
| 2012 | Bank launched multi-year strategic transformation |
2016 | Acquisiton of Volksbank leasing in Austria |
2017 | IPO of BAWAG Group: Listed company since October 2017, largest IPO in Austria’s history Entry into the Germany market - Acquisition of Südwestbank and PayLife |
| 2018 | Acqusition of Deutscher Ring Bausparkasse (rebranded: start:bausparkasse) |
| 2019 | Acquisition of BFL Leasing, Health Coevo AG and Zahnärztekasse AG |
We offer comprehensive savings, payment, lending, leasing, investment, building society, factoring and insurance products and services through various online and offline channels.
| Profit or loss statement | FY 2017 | FY 2018 | FY 2019 | FY 2020 |
| Core revenues | 1,008.2 | 1,123.3 | 1,162.5 | 1,171.1 |
| Operating income | 1,137.6 | 1,170.7 | 1,240.5 | 1,172.3 |
| Operating expenses | (528.8) | (517.9) | (529.7) | (519.7) |
| Pre-provision profit | 608.8 | 652.8 | 710.8 | 652.6 |
| Regulatory charges | (33.8) | (40.1) | (42.4) | (59.2) |
| Total risk costs | (61.8) | (45.1) | (69.3) | (224.6) |
| Profit before tax | 517.3 | 572.7 | 604.3 | 369.9 |
| Net profit | 466.6 | 436.5 | 459.1 | 284.2 |
| Performance ratios | FY 2017 | FY 2018 | FY 2019 | FY 2020 |
| Return on common equity | 13.6% | 12.7% | 13.5% | 8.5% |
| Return on tangible common equity | 15.6% | 14.8% | 16.1% | 10.2% |
| Net interest margin | 2.23% | 2.21% | 2.30% | 2.29% |
| Cost-income ratio | 41.6% | 44.2% | 42.7% | 44.3% |
| Risk costs / interest-bearing assets | 0.18% | 0.12% | 0.18% | 0.56% |
| Pre-tax earnings per share | 5.00 | 5.75 | 6.17 | 4.15 |
| After-tax earnings per share | 4.49 | 4.38 | 4.69 | 3.19 |
