Skip to main content

BAWAG GROUP: ANNUAL GENERAL MEETING APPROVES DIVIDEND OF €5.00 PER SHARE

Written by Customer Service on . Posted in Public Companies.

VIENNA, Austria – Today, BAWAG Group’s shareholders approved the proposal from the Management Board as well as the Supervisory Board for a dividend of € 5.00 per share for the 2023 financial year. The dividend will be paid out on April 15, 2024, ex dividend day will be April 10, 2024.

Anas Abuzaakouk, CEO, presented at the Annual General Meeting: “Since our IPO in October 2017, we delivered a total shareholder return of 67%, EPS growth of 9% per year, and an average RoTCE of 16%. We have also extended € 47 billion of credit to our customers, supporting our customers while growing the franchise, self-funded 9 acquisitions, and distributed € 2.6 billion of capital in the form of dividends and share buybacks. The capital distributions were € 1.7 billion in dividends, equal to a total € 19.70 per share, and € 900 million of share buybacks, reducing our overall share capital by over 21%.

Today, I am more excited about our future growth opportunities than I have ever been. Our transformation over the past decade has positioned the franchise for long-term profitable growth and has allowed us to pursue several strategic growth opportunities, such as Knab bank. My colleagues and I could not be prouder of the BAWAG team! We look forward to delivering on behalf of all stakeholders in the many years to come.”

The details of the Annual General Meeting are available on BAWAG Group’s website.

BAWAG Group will report its Q1 2024 results on April 29, 2024.

About BAWAG Group

BAWAG Group AG is a publicly listed holding company headquartered in Vienna, Austria, serving 2.1 million retail, small business, corporate, real estate 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. Our goal is to deliver simple, transparent, and affordable financial products and services that our customers need.

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

Contact:

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

Media:
Manfred Rapolter (Head of Corporate Affairs)
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

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.