2024-04-08 19:26:09
Vienna (pta035/04/08/2024/21:25 UTC+2)
The shareholders of BAWAG Group today approved the proposal of the Management Board and the Supervisory Board to pay a dividend of EUR 5.00 per share for the 2023 financial year. The dividend will be paid on April 15, 2024, the ex-dividend date is April 10, 2024.
Anas AbuzaakoukCEO of BAWAG Group, reported at the Annual General Meeting: “Since the IPO in October 2017, we have achieved a total shareholder return of 67%, earnings per share growth of 9% per year and an average return on tangible common equity of 16% . We have lent €47 billion to our customers, supporting our customers while growing our business. During the same period, we self-financed 9 acquisitions and raised €2.6 billion in capital in the form of dividends and Capital distributions amounted to EUR 1.7 billion in the form of dividends, equivalent to EUR 19.70 per share, and EUR 900 million in the form of share repurchases, reducing our share capital by over 21% .
Today, I am more excited than ever regarding our future growth opportunities. Our transformation over the last decade has positioned the company for long-term profitable growth and enabled us to pursue multiple strategic growth opportunities, such as: B. the acquisition of Knab Bank. My colleagues and I mightn’t be prouder of the BAWAG team! We look forward to working on behalf of all stakeholders in the coming years.”
All details regarding the Annual General Meeting are available on the BAWAG Group website.
BAWAG Group will announce its Q1 2024 results on April 29, 2024.
About the BAWAG Group
BAWAG Group AG is the listed holding company based in Vienna, Austria and serves 2.1 million private, SME and corporate customers as well as public sector customers in Austria, Germany, Switzerland, the Netherlands, Western Europe and the USA. The group offers a wide range of savings, payment transactions, credit, leasing and investment products as well as building savings and insurance under various brands and through different sales channels. Our goal is to provide simple, transparent and affordable financial products and services that meet our customers’ needs.
This release and other information, including financial and other information for investors, are available on the BAWAG Group investor relations website at available.
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 is also available for download on our website:
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