BAWAG PSK

Registration Name  BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG
Location  Austria, Wien
Head of Group  BAWAG PSK (Austria)

Bank Identifiers 
    BIC (SWIFT)  BAWAATWW
    MFI ID  AT14000
    Bank Sort Code  14000
    Company Number  205340x
Bank Category  Joint stock banks and private banks
Credit Ratings (July 2014) 
    Fitch  - (not rated)
    Moody's  Baa2 (lower medium grade)
    S&P's  - (not rated)
Deposit Guarantee  Yes (up to 100 000 EUR per depositor)
Established On  01 January 1922
European Presence  3 banks in 2 countries

BAWAG PSK located at Austria, Wien is a head of a banking group BAWAG PSK (Austria). It is one of 728 credit institutions operating in Austria.

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

BIC

BIC (Business Identifier Code) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

BIC  BAWAATWW
Bank BIC Code  BAWA
Country Code  AT (Austria)
Location Code  WW
Branch Code  -

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

MFI ID  AT14000

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

Bank Sort Code

Bank Sort Code is a code that uniquely identifies a financial institution within a country. Bank sort codes are usually assigned by National Central Banks and differ from BIC codes.

Bank Sort Code  14000

In Austria the code consists of five digits.


Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Registration Number  205340x

Credit Ratings

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.
Of the 'Big Three' rating agencies, BAWAG PSK is rated by Moody's.

Credit ratings assigned to BAWAG PSK as of July 2014 are shown in details in the following sections.

Moody's

Long-term rating is for BAWAG PSK it is set to Baa2 (lower medium grade). Long-term bank deposit rating is Baa2 (lower medium grade). Bank financial strength rating is D+ (modest intrinsic financial strength). Short-term rating is not assigned.

Long-Term Rating  Baa2
Long-Term Bank Deposit Rating  Baa2
Bank Financial Strength Rating  D+
Short-Term Rating  -
Outlook  negative

Outlook for the ratings of BAWAG PSK is set to negative (may be lowered).

Deposit Guarantee

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Austria are obliged to participate in Austrian deposit guarantee scheme.

In the case of BAWAG PSK failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Covered Accounts  all balances on interest-bearing and non-interest bearing accounts
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information: Deposit Guarantee Scheme in Austria

ECB Minimum Reserves Requirements (MRR)

Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.

Subject to MRR by ECB  Yes
Exempt from MRR by ECB  No

Contact Information


P.O. Box  171
Primary Address  1018, Wien, Georg-Coch-Platz 2
Phone  059905
Fax  059905/22840
E-Mail  bawagpsk@bawagpsk.com

European Presence

This bank operates in the following European countries and selected dependent territories of the European countries:

Austria

Malta

Related Information on Austria

Economy and Banking Sector of Austria

List of Banks in Austria