Bawag

Vienna Stock Exchange: Mayr-Melnhof and BAWAG on the Rise

BAWAG Bank, Austria's fourth-largest bank in terms of total assets, rises to become the fifth-largest listed company on the Vienna Stock Exchange. The cartonboard producer Mayr-Melnhof replaces FACC in the ATX.

March 4, 2020

Sonja Sarközi Appointed New CEO of Sberbank Europe

Sonja Sarközi, currently Chief Retail Banking Officer of Sberbank Europe, has been appointed as new CEO by the supervisory board. She will succeed Gerhard Randa as of 1 July 2018.

May 29, 2018

Bawag Pays €110M for Separation from Austrian Post

Bawag presents its preliminary figures for 2017. The net profit will amount to 466.6 million euros (-1.4 percent). Due to profits, there will be dividend payments to shareholders. The long-term distribution partnership with Austrian Post is to be terminated.

February 28, 2018

BAWAG - Half-year financial report according to art. 87 para. 1 Stock Exchange Act

BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft is declaring the following financial reports below.

September 29, 2017

BAWAG P.S.K. Bank für Arbeit und Wirtschaft - Mid Year Results

BAWAG P.S.K. today reports a strong profit before tax of EUR 251 million for the first half 2017, up 3% versus the prior year driven by higher operating income. The return on tangible equity (@12% CET1)1) came in at 18.3%.

August 3, 2017

BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische - Quarterly Report

BAWAG P.S.K. today reports a strong profit before tax of EUR 123 million for the first quarter 2017, up 1% versus the prior year and up 18% compared to the fourth quarter 2016, driven by higher operating income. The return on tangible equity (@12% CET1) came in at 17.2%. Higher operating expenses and higher risk costs were driven by fully absorbing the Bank's recent acquisitions that were completed during the fourth quarter 2016. Nevertheless, the cost-income ratio was down 1.1pts to 40.5%. The net interest margin was up 3bps to 2.23% versus the fourth quarter 2016. The Bank has increased its fully loaded CET1 ratio by 60bps to 15.7% versus year-end 2016.

May 4, 2017

BAWAG P.S.K. Bank für Arbeit und Wirtschaft is Declaring its Yearly Report

BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft is declaring the following financial reports below.

March 10, 2017

BAWAG P.S.K. Bank für Arbeit und Wirtschaft releases its preliminary results for 2016

BAWAG P.S.K. today releases its preliminary results for 2016, reporting a record net profit of EUR 484 million, up 23% versus the prior year. The increase was driven by higher operating income, lower operating expenses and reduced risk costs.

February 16, 2017

BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische

BAWAG P.S.K. today reports a strong net profit of EUR 380 million for the first three quarters 2016, up 19% versus the prior year.

November 9, 2016

BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische

BAWAG P.S.K. today reports a strong net profit of EUR 284 million for the first half 2016, up 25% versus the prior year. The increase was driven by higher core revenues, lower operating expenses and reduced risk costs.

August 10, 2016

BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische

BAWAG P.S.K. today reported a record net profit of EUR 182 million for the first quarter 2016, up 51% versus prior year. The increase was driven by higher core revenues, reduced operating expenses, lower risk costs and a positive one-time net tax benefit of EUR 61 million booked in the first quarter. The annualized return on equity was 25.2%, up 5.6pts. Net interest margin remained stable at 2.05%. Operating expenses were down 11% and the cost-income ratio down 2.7pts to 41.7%. Risk costs decreased by 26% to EUR 8.7 million.

May 10, 2016

Bawag Laying Off Further 180 to 200 Employees

Bawag Bank will optimize its branches and in course of the process will cut 180 to 200 jobs. 70 to 80 of the affected employees are supposed to be sent back to their actual employers - Post AG.

May 3, 2016

BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische

BAWAG P.S.K. reports 2015 record net profit of EUR 418 million, +26%.

March 3, 2016

BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische

BAWAG P.S.K. today reported a net profit of EUR 320 million for the first three quarters 2015, up 22% versus prior year. The increase was driven by higher net interest income, reduced operating expenses and lower risk costs.

November 10, 2015

BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische

BAWAG P.S.K. reports record net profit of EUR 226 million for H1 2015

August 11, 2015

BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische

BAWAG P.S.K. reports strong quarterly net profit of EUR 121 million, +51% from Q1 2014.

May 12, 2015

BAWAG P.S.K. Bank für Arbeit und Wirtschaft reported record net profit of EUR 333 million for 2014

BAWAG P.S.K. today reported record net profit of EUR 333 million for 2014, up 45% compared to the year before. The increase was primarily driven by improvements in the Retail Banking and Small Business segment. Return on equity was 14.9%, up 3.3pts from last year. Net interest margin improved 46bps to 1.95% with business net interest margin up 27bps to 2.33%. Operating expenses were down 27% and the cost-income ratio down 12.7pts to 53.1%. Risk costs decreased by 24% with no material impairments. These strong results demonstrate the successful transformation of BAWAG P.S.K. over the last years.

March 5, 2015

BAWAG PSK Bank Sets-up London Branch Office

BAWAG PSK, the Cerberus and Golden Tree majority-owned Austrian bank, recently opened a branch office in London to help develop "its international business franchise", i.e. corporate finance, specialty finance and commercial real estate finance, Bawag's interim report Q3 2014 shows.

November 13, 2014

BAWAG P.S.K. Bank für Arbeit und Wirtschaft - First Nine Months Report

BAWAG P.S.K. reports first nine months 2014 net profit of EUR 264 million, +69%.

November 10, 2014

BAWAG P.S.K. Bank für Arbeit und Wirtschaft: 6 Month Report

BAWAG P.S.K. today reported a net profit of EUR 175 million for the first half 2014, up 87% versus the same period last year. Annualized return on equity was 16.2%, up 6.2 points. Net interest margin improved 53 basis points to 1.84% with business net interest margins up 32 basis points. Operating expenses were down 17% and risk costs down 41%. Overall performance in the first half reflects the continuous repositioning efforts of the Bank.

August 20, 2014

BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische

May 15, 2014

Austria: Difficult Market Situation for Selling Bawag

The selling of Bawag PSK proves difficult for its owner which is why an IPO is considered a realistic phasing-out scenario. However, experts doubt that an IPO will be a “highflyer”.

April 24, 2014

Austria: Bawag to Go Public?

Bawag PSK is likely to go public, as reported by Bloomberg.

April 23, 2014

Austria: Delay in RBI Paying Back State Capital

Austrian Raiffeisen Bank International (RBI) will take longer than planned to pay back state capital.

March 15, 2014

BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische

March 13, 2014

BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische

March 13, 2014

Austria: Bawag to Pay Back State Capital

Bawag is expected to pay back the entire public participation captial tomorrow. The assets are urgently required for recapitalizing Austrian problem bank Hypo Group.

March 13, 2014

Austria: Banking Supervision Reveals Deficiencies

An intern test report of the Austrian National Bank (OeNB) and the Financial Market Authority (FMA) reveals insufficiencies in the documentation of the banking supervision.

March 7, 2014

Moody’s Raises Outlook on Austrian Banks

Rating agency Moody’s has raised the outlook on five Austrian Banks.

March 7, 2014

Hypo Group: Nowotny to Replace Liebscher

After Liebscher, head of Hypo Group’s task force, announced throwing in the towel Nowotny, Governor of the Austrian National Bank (OeNB), will become his successor.

February 22, 2014

Austria: Investment Banker Part of Hypo’s Expert Group

A former investment banker is supposed to support Austrian government in the Hypo Group issue.

February 21, 2014

Hypo Disaster: Who Are the Beneficiaries?

International investment companies, funds and domestic banks are the major recipients of the billions of Euros in the Hypo Group disaster.

February 19, 2014

Bawag: Losses for Cerberus Running into Billions

There are persistent rumors that the U.S. investor may leave the Austrian bank. For Cerberus, Bawag is a disaster.

February 11, 2014

Santander on Circulated Sales Talks: „No Comment“

As reported by Vindobona, Spanish Banco Santander is said to be interest in taking over the fifth largest Austrian lender Bawag. Bawag´s management remains silent on this matter.

February 4, 2014

Santander Interested in Bawag?

The Spanish Banco Santander is said to be interested in Bawag, the German daily “Handelsblatt” reports.

February 3, 2014

Austrian State Sues Six Banks

The Republic of Austria filed lawsuits against six lending banks of bankrupt construction enterprise Alpine.

January 17, 2014

UniCredit Sells Bad Assets to Cerberus

The majority shareholder of Austrian Bawag acquires a portfolio worth €950m.

December 27, 2013

Bank Austria`s Headquarter Sold

The Austrian investor Ronny Pecik has bought the headquarter building of the largest Austrian bank.

December 14, 2013

Austrian Banking Sector: € 35bn NPL

Due to the gloomy economic situation in CESEE and the stagnating domestic economy, Austrian banks suffer from growing non-performing loans.

December 9, 2013

Austria: Bawag to Pay back Participation Capital

The Austrian Bawag announced its plans about paying back a further tranche of the state capital participation.

December 2, 2013

Bawag Sells Headquarter Building

In order to improve its equity base, the Austrian banking group sells the headquarter building in Vienna´s City.

November 23, 2013

Raiffeisen Bank International: Sale of Hungarian Affiliate No Taboo Anymore

As reported by Vindobona, Vienna-listed RBI is examining offers for the Hungarian subsidiary. For RBI, Hungary is the biggest loss-maker.

November 20, 2013

Austrian Banking Sector: Austerity Ahead

In order to comply with the regulatory capital framework, Austrian banks cut costs radically

November 18, 2013

Austria: Bawag to Pay Off Further State Capital

Today CEO Byron Haynes announced that Bawag will pay back a further tranche of the bank state aid injected in 2009.

November 13, 2013

Bawag Denies Circulated Job Cuts

According to media reports, the Austrian bank plans radical job cuts in 2014. Bawag´s management stressed that the rumors are untrue.

November 7, 2013

Bawag Faces Radical Job Cuts

The Austrian bank implements fierce austerity measures. About a fifth of the jobs may be cut.

November 5, 2013

Bawag Investor Cerberus to Leave?

Rumors have it that US fund Cerberus will sell his share in Austrian bank Bawag. According to head of Bawag, Byron Haynes, a selling process has not yet begun.

October 31, 2013 · Updated: November 5, 2013; 17:30

Austrian Banking Sector: NPL at Eurozone´s Top

In the Eurozone, the non-performing loans are still growing. In total, 7.8% of the loan portfolio is risky. Austrian banks are significantly above the average.

October 30, 2013

Stress Tests: Austrian Banks Demonstrate Optimism

Austrian banks are expected to pass the stress tests. However, the next years are expected to become challenging for the Austrian banking sector.

October 23, 2013

Austria: Fitch Confirms Triple A

Austria´s main weak point is the banking sector, the rating agency criticizes.

September 28, 2013