Bawag Group Ag · VIE:BG
Bawag — Bawag Group Ag Ord — FY 2025 Earnings Presentation
26 slides from Bawag's earnings presentation, Feb 11, 2026
Slide 1: BAWAG Group 2025 Results
FY 2025 BAWAG GROUP GROWING INTO A PAN-EUROPEAN & BAWAG Group U.S. BANKING GROUP 2025 Results February 11, 2026
Slide 2: FY 2025 Highlights & Outlook
FY 2025 HIGHLIGHTS & OUTLOOK February 11, 2026 2
Slide 3: Financial Developments
FINANCIAL DEVELOPMENTS KEY DEVELOPMENTS EXCEEDING ALL 2025 TARGETS AND INITIATING 3-YEAR ROLLING TARGETS €860 million Net profit / +13% vPY 12% CAGR 12% CAGR +3% organic loan growth / +12% including M&A €683m €760m €860m >€960m >€1.1b >€1.2b 2023 2024 2025 2026 2027 2028 329 basis points NIM RoTCE 2
Slide 4: Capital Development
CAPITAL DEVELOPMENT 417 basis points gross capital generation through earnings in 2025 CAPITAL DEVELOPMENT a) HIGH CAPITAL-GENERATING BUSINESS - Gross capital generation of 417 bps through earnings - SRT’s offsetting RWA growth b) DIVIDEND PROPOSAL Earmarked FY '25 dividend of €481m, equivalent to €
Slide 5: Balance Sheet Positioned for Growth While Staying Conservative
BALANCE SHEET POSITIONED FOR GROWTH WHILE STAYING CONSERVATIVE Fortress balance sheet, disciplined underwriting, and long-term focus on risk-adjusted returns LOW-RISK BALANCE SHEET FOCUSED ON RETAIL & SME PORTFOLIO MANAGEMENT € billion • €14b cash available to deploy into customer lending and/or add
Slide 6: Building a Pan-European & U.S. Banking Group
BUILDING A PAN-EUROPEAN & U.S. BANKING GROUP Recent acquisitions a catalyst for redesigning the company TRANSFORMED TO A DIGITAL-FIRST BANK COMPLEMENTED BY HIGH-QUALITY ADVISORY BRANCH NETWORK OUR BUSINESS PROFILE TODAY CULTURE & LEADERSHIP ~90% ~90% 90% ~5% >50 >12 Ownership by Nationalities years
Slide 7: Technology Underpinning Our Transformation … AI the Next Leg
TECHNOLOGY UNDERPINNING OUR TRANSFORMATION … AI THE NEXT LEG our TechOps infrastructure is the foundation for building an AI operating framework PRINCIPLES UNDERPINNING OUR TRANSFORMATION No outsourcing or off-shoring, focus on in-house technical capabilities and partnerships with select technologic
Slide 8: FY 2025 Detailed Financials
FY 2025 DETAILED FINANCIALS February 11, 2026 8
Slide 9: Balance Sheet
BALANCE SHEET DEVELOPMENTS in Q4 ‘25 Customer loans up 2% vPQ and customer deposits up 4% vPQ Risk-weighted assets down (2%) vPQ Cash at €14.1b, equal to 19% of balance sheet … LCR at 204% CET1 ratio at 14.2% … €6.25 dividend per share will be proposed to AGM Pro-forma CET1 ratio including a partici
Slide 10: P&L & Key Ratios
P&L & KEY RATIOS P&L | € millions Q4 '25 vPY vPQ 2025 vPY Key ratios Q4 '25 vPY vPQ 2025 vPY Net interest income 473.1 28% 3% 1,836.5 40% RoCE 24.3% (2.6)pts 0.5pts 23.1% 1.1pts Net commission income 97.3 20% 4% 370.6 20% RoTCE 28.3% (3.3)pts 0.5pts 26.9% 0.9pts Core revenues 570.4 27% 3% 2,207.1 36
Slide 11: Core Revenues
CORE REVENUES € millions Net interest margin Net commission income Net interest income Net interest income (NII) up by 3% vPQ • Customer loan growth 2% with strong momentum in public sector and real estate, robust consumer business and stable mortgage portfolio with differing trends across countries
Slide 12: Operating Expenses
OPERATING EXPENSES € millions Operating expenses (excluding regulatory charges) CIR CIR at 33.8% in Q4 '25, down (2.3)pts vPQ • Integration of acquisitions progressing well • Synergy effects continue to materialize … branchification of Knab completed in November ’25 • Continuously focused on absolut
Slide 13: Risk Costs
RISK COSTS € millions Risk costs Risk costs/average interest-bearing assets Q4 '25 risk costs €64m … risk cost ratio 45bps (41bps FY 2025) • Q4 increase driven by provision for a single name default and volume increase in retail consumer lending • NPL ratio stable at 0.8% Maintain safe & secure bala
Slide 14: Retail & SME
RETAIL & SME FINANCIAL PERFORMANCE CUSTOMER DEVELOPMENT € millions Q4 '25 vPY vPQ 2025 vPY € millions Q4 '25 vPY vPQ 2025 vPY Core revenues 497.8 41% 4% 1,876.0 51% Housing loans 26,585 (1%) —% 26,585 (1%) Net interest income 407.6 46% 4% 1,533.6 59% Consumer and SME 12,228 66% 3% 12,228 66% Net com
Slide 15: Corporates, Real Estate & Public Sector
CORPORATES, REAL ESTATE & PUBLIC SECTOR FINANCIAL PERFORMANCE CUSTOMER DEVELOPMENT € millions Q4 '25 vPY vPQ 2025 vPY € millions Q4 '25 vPY vPQ 2025 vPY Core revenues 74.5 (8%) 6% 289.1 (7%) Corporates 2,710 (3%) (1%) 2,710 (3%) Net interest income 67.3 (8%) 6% 260.4 (6%) Real Estate 5,687 4% 13% 5,
Slide 16: 2026 & Beyond Outlook & Targets
2026 & BEYOND OUTLOOK & TARGETS 2026 2027 2028 New target: Old target: New target: New target: Through-the-cycle > €960m > €1.0b > €1.1b > €1.2b OUTLOOK TARGETS OUTLOOK - KEY DRIVERS Net interest income > 6% Return on tangible Net interest income 3-4% annual loan growth common equity >20% Core reven
Slide 17: FY 2025 Supplemental Information
FY 2025 SUPPLEMENTAL INFORMATION February 11, 2026 17
Slide 18: Financial Performance
FINANCIAL PERFORMANCE P&L | € millions Q4 '25 vPY vPQ 2025 vPY Balance Sheet & Capital | € millions Q4 '25 Q3 '25 vPQ vPY Core revenues 570.4 27% 3% 2,207.1 36% Total assets 72,297 71,522 1% 1% Net interest income 473.1 28% 3% 1,836.5 40% Cash & Cash Equivalent 14,545 13,963 4% (21%) Net commission
Slide 19: Retail & SME
RETAIL & SME RETAIL & SME OVERVIEW RETAIL & SME PRODUCTS Retail & SME assets, in € billion DEVELOPMENTS SME NPL ratio 1.6% 1.7% 1.2% 1.2% 1.2% • Dynamic credit management across markets Leasing & Factoring Overdrafts & Cards • Ensure stress-resilient customers with strong debt-service ratios and loa
Slide 20: Commercial Real Estate Lending
COMMERCIAL REAL ESTATE LENDING Total portfolio PORTFOLIO DEVELOPMENT UNDERWRITING PRINCIPLES € billions • Residential and Industrial / Logistics make up • Focus on risk-adjusted returns across all cycles, patient 78% of the total portfolio and 87% of US lending within risk appetite … no volume targe
Slide 21: Corporates, Real Estate & Public Sector
CORPORATES, REAL ESTATE & PUBLIC SECTOR CORPORATES REAL ESTATE By industry By geography By underlying By geography €2.7b €2.7b €5.7b €5.7b • Strong credit quality driven by focus on consistent cash flows in non-cyclical industries • Resilient portfolio with low leverage profile (50% LTV) • Average
Slide 22: Details on Reserves
DETAILS ON RESERVES IFRS 9 MIGRATION – CUSTOMER SEGMENT ASSETS NON-PERFORMING (STAGE 3) LOANS | in € millions Stage 3 Stage 2 Stage 1 Customer NPLs NPL Ratio 0.9% 1.0% 0.8% 0.8% 0.8% ECLs (STAGE 1&2), SPECIFIC RESERVES (STAGE 3 incl. prudential NPL Cash Coverage Ratio 52% 45% 47% 57% 55% filter) | i
Slide 23: Funding Overview
FUNDING OVERVIEW Customer funding (eop) … ~94% total funding € billion DEPOSITS • Retail & SME deposits €44.5b, thereof 76% insured by deposit guarantee scheme …. average deposit size of €16k • Corporates & Public Sector average deposits €4.1b … largest share in public sector, which are predominantl
Slide 24: Regulatory Capital
REGULATORY CAPITAL € billion Dividend CET1 capital (post dividend) CET1 ratio (post dividend) Capital distribution plans: • €481m dividend earmarked for financial year 2025 … €6.25 dividend per share will be proposed to Annual General Meeting Capital ratios: • €75m share buyback for company stock pr
Slide 25: Definitions
DEFINITIONS B/S leverage Leverage ratio Total assets/common equity (excluding earmarked dividend and buybacks) Tier 1 capital (including interim profit, dividend accruals, buyback/total exposure (CRR definition Book value per share Loan to Value (LTV) Common equity (excluding AT1 capital, dividends
Slide 26: Important Disclaimer
IMPORTANT DISCLAIMER: This presentation is prepared solely for the purpose of providing general information about BAWAG Group, Wiedner Gürtel 11, 1100 Wien. The information does not constitute investment or other advice or any solicitation to participate in investment business. This presentation doe