 | |
| Company type | Public |
|---|---|
| Industry | Banking |
| Predecessor | Arbeiterbank  |
| Founded | 1922 |
| Headquarters | , |
Key people | Anas Abuzaakouk (CEO) |
| Products | Retail and corporate banking with focus on Austria and select Western European countries |
| € 991 million (2016) | |
| Total assets | € 39,743 billion (31.12.2016) |
| Total equity | € 3,136 billion (31.12.2016) |
Number of employees | 2,496 (2016) |
| Website | www |
BAWAG P.S.K. (German: Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft) is the fourth largest bank in Austria.[1] It was formed on October 1, 2005 by the merger of the separate banks P.S.K. and BAWAG.
As of 2016[update], the bank serviced more than 2.5 million customers all over Austria. It serves Austrian retail, small business and corporate customers across the country, offering savings, payment, lending, leasing, investment, building society and insurance products and services. Two-thirds of the customer loans derive from Austria. The international activities focus on retail, corporate, commercial real estate and portfolio lending in Western developed countries.[2]
BAWAG P.S.K. has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.[3][4]
- ^ "Trend" (Austrian business magazine), TOP 500, June 23, 2017
- ^ "BAWAG GROUP". www.bawaggroup.com. Retrieved 2017-11-06.
- ^ "The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
- ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.