BAWAG Group

BAWAG reports a Q2/2026 net profit of €255 million (+21% YoY), a RoTCE of 28.7% and earnings per share of €3.28. Net interest income rose to €488 million, pre-provision operating profit was €413 million, while risk costs increased to €75 million and the NPL ratio stood at 0.9%. The CET1 ratio is 17.4% with a capital surplus of €1.05 billion, and BAWAG intends to fully finance the announced acquisition of Permanent TSB from its own resources; the vote of PTSB shareholders is scheduled for July 30. The target for 2026 remains a net profit of over €960 million. » Altro su de.investing.com

The Vienna Stock Exchange closed sharply higher (ATX +1.74%), driven by hopes for continued Iran‑US talks. BAWAG rose 7.5 percent after the bank made a cash offer of €1.62 billion for Irish PTSB, offering €2.97 per share. The offer was endorsed by the PTSB board and the Irish Finance Ministry, which holds 57.5 percent. » Altro su de.investing.com

Austrian Bawag has prevailed in the purchase of the Irish Permanent TSB Group (PTSB) for around €1.62 billion. Shareholders are being offered a cash bid of €2.97 per share; the Irish finance minister, who holds about 57.5 percent, and the board support the transaction. Bawag beat off US competition; completion remains subject to conditions, including approvals from PTSB shareholders, regulators and the Irish High Court. PTSB is the smallest of the three Irish banks and holds roughly a 20 percent share of the domestic mortgage market; the sale is intended to allow the state to exit. » Altro su handelsblatt.com