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Q3 2024 Earnings Call

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

The webcast is available here

Q3 2024 Results

Earnings per share

in €

RoTCE

in percent

€ 178 million

Net Profit

0.25%

Risk Cost Ratio

32.3%

CIR

17.2%

CET1 ratio

Q3 2024 Highlights

  • Q3 '24 net profit of € 178 million, EPS of € 2.25 and RoTCE of 24.0%
  • Pre-provision profit of € 265 million (-1% vPQ) and CIR at 32.3%
  • Risk-cost ratio of 0.25% … NPL ratio at 1.0%
  • September ‘24 YTD Net profit of € 520 million (+3% vs. prior year) and RoTCE of 23.9%
  • CET1 ratio of 17.2% post deduction of dividend accrual of € 286 million for the first three quarters 2024
  • Approval for Knab acquisition received on 25 October 2024 
  • Adjusting CET1 ratio target to 12.5% (up 25 basis points) 
  • Update FY ‘24 Targets: Profit before tax > € 950 million, pro-forma CET1 >14.0%, 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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