WHO WE ARE

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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4 PILLARS OF OUR STRATEGY

GROWING IN OUR CORE MARKETS



  • Our foundation is Austria with focus on DACH/NL region and developed markets
  • Grow profitably into current account market share entitlement in Austria and address significant market opportunity in retail products across DACH/NL region
  • Organic growth drivers ... Partnerships & platforms, enhancing digital engagement and growing share of wallet of 2.3 million customers
  • Inorganic growth drivers … pursuing earnings-accretive M&A meeting our Group RoTCE targets of at least 15%


FOCUS ON CUSTOMER CENTRICITY



  • Build multi-channel and multi-brand franchise from branches-to-partners-to-platforms-to-digital products
  • Physical network focused on high-touch and high-quality advisory
  • Leverage technology to simplify processes and reduce complexity
  • Enhance analytical capabilities to improve customer experience
  • New partnerships and lending platforms to provide 24/7 customer access


DRIVE EFFICIENCY THROUGH OPERATIONAL EXCELLENCE


  • Our DNA is to focus on the things we control through “self-help” management
  • Simplify, standardize, and automate products offerings across all channels
  • Create simple end-to-end processes across the Bank
  • Continuously optimize our processes, footprint, and technology infrastructure
  • Embrace various forms of technological change and invest judiciously in technology



MAINTAINING A SAFE AND SECURE RISK PROFILE




  • Maintaining strong capital position, stable retail deposits and low risk profile
  • Focus on mature, developed and sustainable markets
  • Applying conservative and disciplined underwriting in markets we understand with focus on secured lending
  • Maintain fortress balance sheet
  • Proactively manage and mitigate non-financial risk



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OUR HISTORY

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

2005BAWAG 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
2012Bank 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

2018Acqusition of Deutscher Ring Bausparkasse (rebranded: start:bausparkasse)
2019Acquisition of BFL Leasing, Health Coevo AG and Zahnärztekasse AG



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OUR BRANDS

Our Brands


We offer comprehensive savings, payment, lending, leasing, investment, building society, factoring and insurance products and services through various online and offline channels.

More Information here​​​​​​​



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OUR FINANCIAL PERFORMANCE

Profit or loss statementFY 2017FY 2018FY 2019FY 2020
Core revenues1,008.2
1,123.3
1,162.5

1,171.1

Operating income
1,137.6
1,170.71,240.5
1,172.3
Operating expenses(528.8)
(517.9)(529.7)(519.7)
Pre-provision profit608.8652.8710.8652.6
Regulatory charges(33.8)
(40.1)(42.4)(59.2)
Total risk costs
(61.8)
(45.1)(69.3)(224.6)
Profit before tax517.3
572.7604.3369.9
Net profit466.6
436.5459.1284.2





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