Half Year 2026 BAWAG Group AG Earnings Call Transcript

Jul 21, 2026 / 08:00 AM GMT

Release Date Price: €174.95 (+2.94%)

Transcript

Key Points

Positve

Bawag Group AG (BWAGF) reported a strong net profit of EUR 255 million for the second quarter, with an EPS of 3.28 and a return on tangible common equity of 29%.
Core revenues increased by 8% year-over-year to EUR 590 million, demonstrating strong operating performance.
The company maintains a low non-performing loan (NPL) ratio of 90 basis points, indicating solid credit performance.
Bawag Group AG (BWAGF) has a robust balance sheet with EUR 14.5 billion in cash, representing approximately 20% of its balance sheet, and a liquidity coverage ratio (LCR) of 217%.
The company is well-positioned to self-fund its acquisition of PTSB, with a CET1 ratio of 17.4%, translating into over EUR 1 billion of excess capital.

Negative

Total risk costs increased to EUR 75 million, translating into a risk-cost ratio of 54 basis points, which is higher than the previous quarter.
The company's average customer loans and funding were flat quarter-over-quarter, indicating a lack of growth in these areas.
Mortgage volumes remain subdued, reflecting challenges in this segment.
The tax rate was unusually low at 23.1% due to a one-off effect, which may not be sustainable in future quarters.
There is increased competition in the non-retail deposit market, particularly in Austria, which could impact future deposit growth.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BAWG.VI - BAWAG Group AG
Half Year 2026 BAWAG Group AG Earnings Call
Jul 21, 2026 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by. Welcome to the BAWA Group K2 2026 Results Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there'll be a question-and-answer session. To ask a question during the session, you will need to press star one and one on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star one and one again. Please be advised that today's conference is being recorded and there. There will also be a transcript on the company's website. I would now like to turn the conference over to your first speaker today, Yotab Vima, Head of Investor Relations. Please go ahead.

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