BAWAG Group remains well capitalized in ECB's stress test exercise
Today the EBA and ECB published the results of the 2021 stress test. Under the theoretical adverse scenario, BAWAG Group’s CET1 ratio would fall by 198 basis points to 12.00% after three years from 13.98% at year-end 2020.
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.
Being one of the largest banking groups in Austria with 2.3 million customers, our business activities have a significant impact on the domestic economy, local communities, and the overall environment of the markets we operate in. The world is changing, and with that change, the expectations of a financial institution amongst our various stakeholders have changed as well. To meet our goal of delivering simple, transparent, and reliable financial products and services that address our customers’ needs and become their financial partner of choice, it is imperative that we are proactive in addressing this changing landscape.