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SIBE22279_BAWAGGroup_Webseite_50-50_Cards_660x377_230302_1745_1

Q2 2024 Earnings Call

BAWAG Group will host the Q2 2024 earnings call on 18 July 2024 at 10 am CEST with our CEO Anas Abuzaakouk and our CFO Enver Sirucic.

The webcast is available here

Q2 2024 Results

Earnings per share

in €

RoTCE

in percent

€ 175 million

Net Profit

0.27%

Risk Cost Ratio

32.6%

CIR

16.5%

CET1 ratio

Q2 2024 Highlights

  • Q2 ’24 net profit of € 175 million, EPS of € 2.22 and RoTCE of 24.3%
  • Average customer deposits +1% and average customer loans -1% vs. prior quarter
  • Pre-provision profit of € 263 million (+2% vPQ) and CIR at 32.6%
  • Risk-cost ratio of 27 basis points … NPL ratio at 1.1%
  • H1 ‘24 Net profit of € 342 million (+7% vs. H1 ‘23) and RoTCE of 24.0%
  • CET1 ratio of 16.5% post deduction of dividend accrual of € 188 million for H1 ‘24
  • Acquisition of Barclays Consumer Bank Europe signed in July … second acquisition signed in 2024
  • Targets for 2024 reconfirmed: Profit before tax > € 920 million, RoTCE >20%, and CIR < 34%
     

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Jutta Wimmer

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Jutta Wimmer
Head of Investor Relations

+43 (0) 59905-34444

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