Bawag Group

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:

BAWAG Group today released its results for the first quarter 2023, reporting a net profit of € 140 million, € 1.69 earnings per share, and a RoTCE of 20.5%.

BAWAG Group released its preliminary results for the financial year 2022, reporting a net profit (excluding City of Linz) of € 509 million, € 5.81 earnings per share, and a RoTCE of 18.6%.

BAWAG Group today released its results for the third quarter 2022, reporting a net profit (excluding City of Linz) of € 132 million, € 1.49 earnings per share, and a RoTCE of 19.3%.

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 € 325 million.

Today, the Austrian Supreme Court ruled in favor of the City of Linz regarding the contractual validity of the swap contract entered into between BAWAG and the City of Linz 15 years ago.