Q3 2024 results

BAWAG Group released its results for the third quarter 2024, reporting a net profit of € 178 million, € 2.25 earnings per share, and a RoTCE of 24.0%.

News

Acquisition of Knab successfully completed

BAWAG Group today announces the successful completion of the acquisition of Knab, a bank based in the Netherlands. BAWAG Group will work with the Knab leadership team to continue growing the Retail and SME business in the Netherlands, while also providing the operational support and financial strength of a broader banking group.

BAWAG Group reports Q3 2024 results

BAWAG Group released its results for the third quarter 2024, reporting a net profit of € 178 million, earnings per share of € 2.25, and a RoTCE of 24.0%. The operating performance of our business was strong with pre-provision profits of € 265 million and a cost-income ratio of 32.3%. This resulted in a net profit of € 520 million, € 6.58 earnings per share and a RoTCE of 23.9% for the first nine months 2024.

Acquisition of Knab receives all regulatory approvals

BAWAG Group is pleased to announce that it has received all necessary regulatory approvals for the acquisition of Knab, a bank based in the Netherlands. The deal is expected to close within days.

BAWAG acquires Barclays Consumer Bank Europe

BAWAG Group today announces the signing of a transaction to acquire Hamburg based Barclays Consumer Bank Europe from Barclays Bank Ireland PLC.

BAWAG awarded as Best Bank in Austria

We are proud that BAWAG was named the best bank in Austria in 2024 by Global Finance Magazine! On this occasion, CEO Anas Abuzaakouk provided insights into the retail banking roadmap, strategy and current priorities of the BAWAG Group.

BAWAG Group reports Q1 2024 results

BAWAG Group released its results for the first quarter 2024, reporting a net profit of € 167 million, € 2.11 earnings per share, and a RoTCE of 23.7%.

AGM approves dividend of 5.00 euros per share

BAWAG Group’s shareholders approved the proposal from the Management Board as well as the Supervisory Board for a dividend of € 5.00 per share for the 2023 financial year. The dividend will be paid out on April 15, 2024, ex dividend day will be April 10, 2024.

BAWAG acquires Knab from ASR Nederland N.V.

BAWAG Group today announces the signing of a transaction to acquire 100% of the shares in Knab, from ASR Nederland N.V. (a.s.r.), for a consideration of € 510 million payable at closing.

BAWAG Group reports preliminary FY 2023

BAWAG Group publishes the preliminary financial results for the full year 2023, reporting a net profit of € 683 million, earnings per share € 8.31, and an RoTCE of 25.0%. The operating performance of our business was strong with pre-provision profits of € 1,040 million and a cost-income ratio of 31.8%. For the fourth quarter 2023, BAWAG Group reported a net profit of € 177 million, earnings per share of € 2.15, an RoTCE of 25.7%, and a CIR of 32.0%.

Stock Price

€ 00.00 +0.00%

ISIN : AT0000BAWAG2 / BG

Vienna Stock Exchange

As of (CEST).
Share Details

About BAWAG Group

BAWAG Group AG is a publicly listed holding company headquartered in Vienna, Austria, serving 2.1 million retail, small business, corporate, real estate and public sector customers across Austria, Germany, Switzerland, Netherlands, Western Europe, and the United States.

The Group operates under various brands and offers simple, transparent, and affordable financial products and services across multiple channels.

About us

Our ESG approach

To achieve sustainable growth and to strengthen customer loyalty, we are embedding our environmental, social, and governance initiatives in our business strategy and culture.

We have committed ourselves to:

reduce our own CO₂ emissions (scope 1 & 2) by > 50% by 2025 vs. 2020
a female leadership quota of 33% for the Supervisory Board and Senior Leadership Team
increase our green lending (new business) to € 1.6 billion by 2025

Find out more

Upcoming Events

Financial Calendar

Results Q3 2024

October 28, 2024

Roadshows and Conferences

BNP CEO conference (Paris)

November 20, 2024

JPM European financial conference (London)

November 21, 2024

Don´t miss important dates

More events

New to BAWAG? Investor Kit

BAWAG Group introduction
Consolidated Annual Report 2023
Earnings Presentation

Key Financials
Webcast

Q3 2024 Earnings Call

BAWAG Group hosted the Q3 2024 earnings call on 28 October 2024 at 10 am CET with our CEO Anas  Abuzaakouk and our  CFO Enver  Sirucic.

Webcast

Shareholder structure & Directors dealings

Investor Highlights

The data contained in this presentation is an early read and, thus, remains subject to change. BAWAG will publish detailed H1/2023 results on 19 July 2023.