BAWAG GROUP PUBLISHES Q3 2024 RESULTS: NET PROFIT € 178 MILLION AND ROTCE 24.0%
Q3 ’24 net profit of € 178 million, EPS of € 2.25 and RoTCE of 24.0%Pre-provision profit of € 265 million (-1% vPQ) and CIR at 32.3%Risk-cost ratio of 0.25% … NPL ratio at 1.0%September ’24 YTD Net profit of € 520 million (+3% vs. prior year) and RoTCE of 23.9%CET1 ratio of 17.2% post deduction of dividend accrual of € 286 million for the first three quarters 2024Approval for Knab acquisition received on 25 October 2024 Adjusting CET1 ratio target to 12.5% (up 25 basis points) Update FY ’24 Targets: Profit before tax > € 950 million, pro-forma CET1 >14.0%, RoTCE >20%, and CIR
