Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Austria
  4. Wiener Boerse
  5. BAWAG Group AG
  6. News
  7. Summary
    BG   AT0000BAWAG2


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

BAWAG : July 30, 2021 - BAWAG Group remains well capitalized in ECB's stress test exercise

08/01/2021 | 03:22pm EDT


VIENNA, July 30, 2021


  • Under the baseline scenario our CET1 ratio would grow to 14.81% by 2023
  • Under adverse scenario, CET1 ratio (fully loaded) would fall by 198 basis points to 12.00% after three years from 13.98% at year-end 2020
  • Leverage ratio at 6.53% in 2023 under the baseline scenario … under adverse scenario at 5.62% in 2023
  • Dividend payments continued as per our dividend policy

VIENNA, Austria - July 30, 2021 - Today the EBA and ECB published the results of the 2021 stress test. Under the theoretical adverse scenario, BAWAG Group's CET1 ratio would fall by 198 basis points to 12.00% after three years from 13.98% at year-end 2020.

The EBA/ECB carry out these regular theoretic stress tests using consistent methodologies and scenarios to assess the resilience of the financial institutions under their supervision. The adverse stress test assumptions were set for a three-year time horizon (2021-2023). The stress test was carried out based on a static balance sheet as at December 2020. The detailed assumptions are available under https://www.eba.europa.eu/risk-analysis-and-data/eu-wide-stress-testing.

The assumptions in this year's stress test were more severe than in 2018. For BAWAG Group, the 3-year- impact on CET1 ratio was -198 basis points in this year's stress test compared to -240 basis points in the 2018 stress test. This includes the assumption that dividend payments continue as per our dividend policy in the adverse case as profits were forecast in years 2 and 3 and capital well in excess of minimum requirements. Our 3-year impact on CET1 ratio of -198 basis points compares favorably to the average of the EBA sample of -485 basis points and ECB sample of -520 basis points.

Chief Executive Officer, Anas Abuzaakouk commented: "The outbreak of the COVID-19 pandemic triggered a real stress scenario during 2020 with a severe macroeconomic downturn across markets, significant market volatility and shocks to our normal customer business. In that environment, we generated a 10% RoTCE while also taking a very conservative and prudent approach towards reserves. The regular theoretic stress test scenarios provide additional insights, which again demonstrated the resiliency of our business, our conservative risk appetite and our disciplined underwriting. Due to our strong capital generation in a normalized environment as a result of our transformation, BAWAG Group has the capacity to absorb stress scenarios while still maintaining a well capitalized balance sheet."

The stress test does not contain a pass-fail threshold, but is used as an important source of information for the purpose of the supervisory review process (SREP).

The information is only for comparison purposes to other banks and does not provide any indication of BAWAG Group's future profitability. The result is available under: https://www.bankingsupervision.europa.eu/press/pr/date/2021/html/ssm.pr210730~3d4d31f8e8.en.html



VIENNA, July 30, 2021

About BAWAG Group

BAWAG Group AG is a publicly listed holding company headquartered in Vienna, Austria, serving 2.3 million retail, small business, corporate and public sector customers across Austria, Germany, Switzerland, Netherlands, Western Europe and the United States. The Group operates under various brands and across multiple channels offering comprehensive savings, payment, lending, leasing, investment, building society, factoring and insurance products and services. Delivering simple, transparent, and reliable financial products and services that address our customers' needs is our strategy across the Group.

BAWAG Group's Investor Relations website https://www.bawaggroup.com/ircontains further information, including financial and other information for investors.


Financial Community:

Jutta Wimmer (Head of Investor Relations)

Tel: +43 (0) 5 99 05-22474

IR Hotline: +43 (0) 5 99 05-34444

E-mail: investor.relations@bawaggroup.com


Manfred Rapolter (Head of Corporate Communications, Spokesman)

Tel: +43 (0) 5 99 05-31210

E-mail: communications@bawaggroup.com

This text can also be downloaded from our website: https://www.bawaggroup.com



BAWAG Group AG published this content on 30 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2021 19:21:02 UTC.

© Publicnow 2021
All news about BAWAG GROUP AG
09/21BAWAG : September 20, 2021 - BAWAG Group hosts inaugural Investor Day and announces new ta..
09/20Bawag Group Ag Provides Dividend Guidance for the Full Year 2021 and 2025
09/20Bawag Group Ag Provides Earnings Guidance for the Full Year 2021 and 2025
09/08BAWAG : September 10, 2021 - BAWAG Group Management Board changes and extension of mandate..
08/18BAWAG : Second Supplement 2021
08/01BAWAG : July 30, 2021 - BAWAG Group remains well capitalized in ECB's stress test exercise
07/26Bawag Group Ag Reports Earnings Results for the Half Year Ended June 30, 2021
07/26BAWAG : July 26, 2021 - Half-Year Financial Report H1 2021
07/26BAWAG : Ergebnispräsentation H1 2021 (nur auf Englisch verfügbar)
07/26BAWAG : July 26, 2021 - BAWAG Group reports H1 2021 net profit of € 193 million, EPS € 2.1..
More news
Sales 2021 1 218 M 1 423 M 1 423 M
Net income 2021 442 M 516 M 516 M
Net Debt 2021 - - -
P/E ratio 2021 10,7x
Yield 2021 4,95%
Capitalization 4 732 M 5 537 M 5 527 M
Capi. / Sales 2021 3,88x
Capi. / Sales 2022 3,79x
Nbr of Employees 3 485
Free-Float 76,9%
Duration : Period :
BAWAG Group AG Technical Analysis Chart | BG | AT0000BAWAG2 | MarketScreener
Technical analysis trends BAWAG GROUP AG
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 8
Last Close Price 53,25 €
Average target price 60,19 €
Spread / Average Target 13,0%
EPS Revisions
Managers and Directors
Anas Abuzaakouk Chief Executive Officer
Enver Sirucic Chief Financial Officer
Egbert Fleischer Chairman-Supervisory Board
Satyen Shah Chief Operating Officer
Andrew Wise Chief Investment Officer & Head-Non Retail lending
Sector and Competitors