Approximately 90% of the bank's business relates to Retail & SME. BAWAG combines a digital-first approach with an advisory-focused branch network. The bank operates in Austria, Germany, Netherlands, Ireland, Switzerland, United Kingdom and United States, positioning itself as a disciplined, multi-brand growth platform with strong capital ratios and operational efficiency.
Cyborg Score Rationale
BAWAG delivered a net profit of €683 million in 2023, a return on tangible common equity (ROTCE) of 25% and a cost-to-income ratio of 31.8%. Since its IPO in October 2017, BAWAG delivered a total shareholder return of 67% and outperformed major European bank indices, growing earnings per share from €4.50 in 2017 to €8.31 in 2023.
Top Insights
BAWAG acquired Depfa Bank in 2021 and acquired MoCo three years ago, while recently holding talks to buy Finance Ireland.
In February 2026, BAWAG Group surpassed all financial targets and made substantial progress integrating acquired businesses.
Largest shareholders are Cerberus Capital Management (35.1%) and GoldenTree Asset Management (25.7%).
As of March 2026, BAWAG is one of several parties involved in the sales process of Irish bank PTSB.
Named Competitors
Erste Group Bank — Largest bank in Central and Eastern Europe
UniCredit — Major European banking group
OMV Bank — Austrian bank and financial services
Recent Developments
(March 2026) BAWAG confirmed as bidder in PTSB acquisition process
(February 2026) BAWAG surpassed all financial targets and advanced acquired business integration
(2023) Delivered record net profit of €683M with 25% ROTCE
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