BAWAG Group AG (BWAGF) Q3 2025 Earnings Call Transcript

Operator

Good day, and thank you for standing by. Welcome to the BAWAG Group Q3 2025 Results Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded. There will also be a transcript published on the company’s website.

I would now like to hand the conference over to your speaker today, Anas Abuzaakouk, CEO of the company. Please go ahead.

Anas Abuzaakouk
Chairman of the Management Board & CEO

Thank you, operator. I hope everyone is doing well this morning. I’m joined by Enver, our CFO. Let’s start with a summary of third quarter results on Slide 3. We delivered net profit of EUR 219 million, EPS of EUR 2.77 and return on tangible common equity of 28%. The performance of our business was strong with operating income of EUR 555 million, pre-provision profits of EUR 354 million and a cost-to-income ratio of 36%. Total risk costs were EUR 52 million, translating into a risk cost ratio of 37 basis points as we continue to see solid credit performance across our businesses.

In terms of our balance sheet and capital, average customer loans were up 1% and average customer deposits were down 2% quarter-over-quarter. We have a fortress balance sheet with EUR 13.5 billion of cash, an LCR of 201% and an overall strong asset quality with a low NPL ratio