Capital distribution


Capital distribution

Maintaining a strong capital base with a conservative buffer above regulatory requirements is a strategic priority for BAWAG Group. At the same time, we want to offer a sustainable and balanced return to our shareholders. 

Our capital management framework


We target a dividend payout of 55% of net profit, barring unforeseen circumstances. Dividends will be distributed annually after the Annual General Meeting in line with the respective shareholders’ resolution. Dividend distributions will comply with regulatory and/or corporate law restrictions and take into account recommendations made by a competent regulatory authority.

Excess capital

Excess capital is used for organic growth, M&A, minority and/or platform investments.

Excess capital

Any additional capital will be allocated to share buybacks and/or special dividends, subject to a routine annual assessment.

Dividend history


Payout dateDividend
per share
Total dividend
since IPO
 € 19.6636 1.698 billion
202304/15/2024€ 5.00€ 393 million
202204/06/2023€ 3.70€ 305 million
202103/28/2022€ 3.00€ 267 million
2020*10/08/2021€ 4.72€ 420 million
201903/12/2021€ 0.4551€ 40 million
201805/10/2019€ 2.1782€ 215 million
201705/17/2018€ 0.583€ 58 million

Number of shares 

All BAWAG Group shares are common shares with each share representing one voting right. Following the execution of buybacks over the years, the number of shares decreased to 78,600,000.


Development of number of shares:

EventDateChangeNumber of shares
Share capital IPOOctober 25, 2017 100,000,000
Capital reduction following share buybackDecember 4, 2019- 10,857,76389,142,237
Capital reduction following share buybackDecember 6, 2022- 6,642,23782,500,000
Capital reduction following share buybackDecember 18, 2023-3,900,00078,600,000


How to notify BAWAG Group: 

BAWAG Group has not set any additional thresholds, therefore the regulatory thresholds apply for major sholding notifications. We kindly request any shareholder obliged to inform BAWAG Group about changes in their voting rights to contact us via e-mail (  

All major shareholder notifications are available here.