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SIBE22279_BAWAGGroup_Webseite_50-50_Cards_660x377_230302_1745_1

Q2 2023 Earnings Call

BAWAG Group hosted a Q2 2023 earnings call on 19 July 2023 at 10 am CEST with our CEO Anas Abuzaakouk and our CFO Enver Sirucic.

The webcast is available here

Q2 2023 Results

Earnings per share

in €

 

RoTCE

in percent

€ 181 million

Net Profit

0.19%

Risk Cost Ratio

31.5%

CIR

14.8%

CET1 ratio

Q2 2023 Highlights

  • Q2 ’23 net profit of € 181 million and RoTCE 25.9%
  • Customer deposits +1% and customer funding +3%
  • Ongoing strong asset quality with risk costs stable at € 20 million or 19 basis points
  • H1 ’23 net profit of € 320 million (+31% vs H1 ’22) and RoTCE 23.2%
  • CET1 ratio at 14.8% after deducting dividend accrual of € 176 million
  • Share buyback application filed early June for € 175 million … process on track
  • 2023 Financial targets updated to Profit before tax >€ 875 million, EPS >€ 8.20, DPS >€4.50
  • Return targets for 2023 & beyond of >20% RoTCE and <34% CIR

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Jutta Wimmer

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Jutta Wimmer
Head of Investor Relations

+43 (0) 59905-34444

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