BAWAG P.S.K. is one of Austria's largest banks with more than 1.6 million retail and corporate customers and a nationwide well-known brand. The business strategy of BAWAG P.S.K is focused on low risk and high efficiency. More than 70% of the bank's loans and receivables are owed to customers in Austria, while the rest accounted for by western industrialized countries such as Germany, France, the United Kingdom and the United States. BAWAG P.S.K. has made a proactive decision to withdraw from Central and Eastern Europe. BAWAG P.S.K. business segments are retail and SME banking, corporate lending and investments, and treasury services and global markets.
Becoming a client of BAWAG P.S.K. can be done in a few steps:
Due to regulatory requirements BAWAG P.S.K. performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual BAWAG P.S.K. will ask him/her to provide the following documents: passport; proof of address. For corporate clients BAWAG P.S.K. will ask to provide corporate documentation as well as information about controlling persons. BAWAG P.S.K. may request additional documentation or information depending on the case. BAWAG P.S.K. performs client's identity verification via branch visit.
BAWAG P.S.K. is the 5th largest bank in Austria in terms of total assets. In 2018 its total assets were 35 601,94 mln EUR, providing the bank with the market share of 4.39%. BAWAG P.S.K. is the 2nd largest joint stock bank and private bank in Austria (out of 36 joint stock banks and private banks) having market share of 16.40% amongst the banks of this category. In 2018 the bank's net income was 1 079,34 mln EUR.
BAWAG P.S.K. is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is A1 (upper medium grade).
BAWAG P.S.K. participates in the deposit guarantee scheme of Austria. This deposit guarantee scheme applies to all balances on bank accounts made by natural persons (Austrian and foreign), legal entities (Austrian and foreign) and covers up to up to 100,000 EUR per bank per depositor. BAWAG P.S.K. is a member of Einlagensicherung AUSTRIA Ges.m.b.H (ESA) and makes its contributions into it.
BAWAG P.S.K. is a member of BAWAG PSK (Austria).
BAWAG P.S.K. is headquartered in Wien.
BAWAG P.S.K. has profiles at the following social networks: