BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG

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.

Bank Category

Joint stock banks and private banks

Services

Retail Banking
SME Banking
Corporate Banking

Products

Financials

Total Assets (2017)
35 361.24 mln EUR  (+1.06%)
Net Income (2017)
773.24 mln EUR  (+42.61%)

In 2017 total assets of BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG were 35 361,24 mln EUR. In 2017 the bank's net income was 773,24 mln EUR.

BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is A2 (upper medium grade).

BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG participates in deposit guarantee scheme of Austria. This scheme covers accounts up to 100 000 EUR per bank per depositor.

BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG is a member of BAWAG PSK (Austria).

Contacts

Georg-Coch-Platz, 2, 1018, Wien, Austria
171
059905
059905/22840

BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG is headquartered in Wien.

Bank Identifiers

BIC (SWIFT)
BAWAATWWXXX
MFI ID
AT0000000537678
Bank Sort Code
14000
Company Number
205340x
Established On
01 January 1922

Business Summary

BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG provides products and services in the areas of retail banking, SME banking, corporate banking. The range of products offered by BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG includes current accounts, savings accounts (0.02 - 0.02 %), consumer loans (3.69 - 12.95 %), car loans (3.69 - 12.95 %).

Products

Current Accounts

Current accounts are non-interest bearing deposit accounts that are used to perform day-to-day banking transactions. Current accounts are often offered with a payment card (a debit card and/or a credit card) and may also include overdraft possibility. Annual costs of having a current account (also known as account management fees) can depend on monthly income input to the account or amount of money deposited into the account.

Current accounts made with BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG are covered by deposit guarantee scheme of Austria up to 100 000 EUR per depositor. The following current accounts are offered by BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG.

Updated on 17 December 2018

Einfach Online Konto mit Gratisoption
Sales Region
Austria
Account Currency
EUR
Annual Costs (EUR)
58.80
Overdraft Rate (p.a.)
12.00 %
Current Account Details
Product Name
Einfach Online Konto mit Gratisoption
Account Currency
EUR
Annual Costs
58.80 EUR
Interest Rate (p.a.)
0.06 %
Overdraft Rate (p.a.)
12.00 %
Debit Card
Debit Card Costs (p.a.)
0.00 EUR
Credit Card
Credit Card Costs (p.a.)
24.00 EUR
Online Banking
Telephone Banking
Branch Banking
Mobile Banking
Indexed TAN (iTAN)
pushTAN
photoTAN
Mobile TAN (mTAN)
chipTAN
KontoBox Small
Sales Region
Austria
Account Currency
EUR
Annual Costs (EUR)
58.80
Overdraft Rate (p.a.)
12.00 %
Current Account Details
Product Name
KontoBox Small
Account Currency
EUR
Annual Costs
58.80 EUR
Interest Rate (p.a.)
0.06 %
Overdraft Rate (p.a.)
12.00 %
Debit Card
Debit Card Costs (p.a.)
0.00 EUR
Credit Card
Credit Card Costs (p.a.)
24.00 EUR
Online Banking
Telephone Banking
Branch Banking
Mobile Banking
Indexed TAN (iTAN)
pushTAN
photoTAN
Mobile TAN (mTAN)
chipTAN
KontoBox Medium
Sales Region
Austria
Account Currency
EUR
Annual Costs (EUR)
82.80
Overdraft Rate (p.a.)
8.50 %
Current Account Details
Product Name
KontoBox Medium
Account Currency
EUR
Annual Costs
82.80 EUR
Interest Rate (p.a.)
0.06 %
Overdraft Rate (p.a.)
8.50 %
Debit Card
Debit Card Costs (p.a.)
0.00 EUR
Credit Card
Credit Card Costs (p.a.)
0.00 EUR
Online Banking
Telephone Banking
Branch Banking
Mobile Banking
Indexed TAN (iTAN)
pushTAN
photoTAN
Mobile TAN (mTAN)
chipTAN
KontoBox Large
Sales Region
Austria
Account Currency
EUR
Annual Costs (EUR)
118.80
Overdraft Rate (p.a.)
7.00 %
Current Account Details
Product Name
KontoBox Large
Account Currency
EUR
Annual Costs
118.80 EUR
Interest Rate (p.a.)
0.06 %
Overdraft Rate (p.a.)
7.00 %
Debit Card
Debit Card Costs (p.a.)
0.00 EUR
Credit Card
Credit Card Costs (p.a.)
0.00 EUR
Online Banking
Telephone Banking
Branch Banking
Mobile Banking
Indexed TAN (iTAN)
pushTAN
photoTAN
Mobile TAN (mTAN)
chipTAN

Austria: This product is offered to Austrian residents only. When clicking on the product link you will be redirected to the product page in German.

See Also

Savings Accounts

Savings accounts are interest-bearing deposits accounts which allow to withdraw money at any time. While providing more flexibility, savings accounts usually offer lower interest rates and shorter deposit terms than time deposit accounts.

Savings accounts made with BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG are covered by deposit guarantee scheme of Austria up to 100 000 EUR per depositor. BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG offers the following savings accounts.

Updated on 17 December 2018

SparBox FLEX
Sales Region
Austria
Account Currency
EUR
Interest Rate (p.a.)
0.02 %
Deposit Term (months)
1
Savings Account Details
Product Name
SparBox FLEX
Account Currency
EUR
Interest Rate (p.a.)
0.02 %
Deposit Term (months)
1
Investment Amount
1 - 999999 EUR
Interest Frequency
1 times a year
SparBox FLEX
Sales Region
Austria
Account Currency
EUR
Interest Rate (p.a.)
0.02 %
Deposit Term (months)
3
Savings Account Details
Product Name
SparBox FLEX
Account Currency
EUR
Interest Rate (p.a.)
0.02 %
Deposit Term (months)
3
Investment Amount
1 - 999999 EUR
Interest Frequency
1 times a year
SparBox FLEX
Sales Region
Austria
Account Currency
EUR
Interest Rate (p.a.)
0.02 %
Deposit Term (months)
6
Savings Account Details
Product Name
SparBox FLEX
Account Currency
EUR
Interest Rate (p.a.)
0.02 %
Deposit Term (months)
6
Investment Amount
1 - 999999 EUR
Interest Frequency
1 times a year
SparBox FLEX
Sales Region
Austria
Account Currency
EUR
Interest Rate (p.a.)
0.02 %
Deposit Term (months)
9
Savings Account Details
Product Name
SparBox FLEX
Account Currency
EUR
Interest Rate (p.a.)
0.02 %
Deposit Term (months)
9
Investment Amount
1 - 999999 EUR
Interest Frequency
1 times a year
SparBox FLEX
Sales Region
Austria
Account Currency
EUR
Interest Rate (p.a.)
0.02 %
Deposit Term (months)
12
Savings Account Details
Product Name
SparBox FLEX
Account Currency
EUR
Interest Rate (p.a.)
0.02 %
Deposit Term (months)
12
Investment Amount
1 - 999999 EUR
Interest Frequency
1 times a year

Austria: This product is offered to Austrian residents only. When clicking on the product link you will be redirected to the product page in German.

See Also

Consumer Loans

Consumer loans are secured or unsecured (i.e., backed or non-backed by a collateral) loans provided to retail customers for personal, family, or household purposes or for purchase of goods and services. In terms of repayment, consumer loans can be revolving (when a credit limit can be spent, repaid and spent again) or installment (such a loan is repaid in equal installments until the loan is paid off at the end of its term). Consumer loans offered by BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG are shown in the table below.

Updated on 17 December 2018

Einfach Online Kredit Fixzins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
5.01 - 12.95 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
12
Einfach Online Kredit variabler Zins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
5.08 - 12.95 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
12
Einfach Online Kredit variabler Zins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
3.69 - 12.09 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
24
Einfach Online Kredit Fixzins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
3.69 - 12.03 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
24
Einfach Online Kredit variabler Zins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
3.71 - 11.02 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
36
Einfach Online Kredit Fixzins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
3.71 - 11.05 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
36
Einfach Online Kredit variabler Zins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
3.73 - 10.19 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
48
Einfach Online Kredit Fixzins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
3.73 - 10.33 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
48
Einfach Online Kredit variabler Zins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
3.75 - 9.55 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
60
Einfach Online Kredit Fixzins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
3.75 - 9.83 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
60
Einfach Online Kredit variabler Zins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
3.76 - 9.07 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
72
Einfach Online Kredit Fixzins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
3.76 - 9.51 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
72
Einfach Online Kredit variabler Zins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
3.78 - 8.70 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
84
Einfach Online Kredit Fixzins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
3.78 - 9.29 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
84
Einfach Online Kredit variabler Zins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
3.79 - 8.41 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
96
Einfach Online Kredit Fixzins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
3.79 - 9.14 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
96
Einfach Online Kredit variabler Zins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
3.82 - 7.96 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
120
Einfach Online Kredit Fixzins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
4.08 - 8.97 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
120

Austria: This product is offered to Austrian residents only. When clicking on the product link you will be redirected to the product page in German.

See Also

Car Loans

Car loans are secured or unsecured (i.e., backed or non-backed by a collateral) installment loans provided to retail customers for the purpose of buying a new or used car. Used cars purchased privately are often financed through unsecured loans, while new cars are financed via secured loans with the car used as the loan collateral. Car loans offered by BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG are shown in the table below.

Updated on 17 December 2018

Einfach Online Kredit Fixzins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
5.01 - 12.95 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
12
Einfach Online Kredit variabler Zins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
5.08 - 12.95 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
12
Einfach Online Kredit variabler Zins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
3.69 - 12.09 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
24
Einfach Online Kredit Fixzins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
3.69 - 12.03 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
24
Einfach Online Kredit variabler Zins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
3.71 - 11.02 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
36
Einfach Online Kredit Fixzins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
3.71 - 11.05 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
36
Einfach Online Kredit variabler Zins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
3.73 - 10.19 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
48
Einfach Online Kredit Fixzins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
3.73 - 10.33 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
48
Einfach Online Kredit variabler Zins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
3.75 - 9.55 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
60
Einfach Online Kredit Fixzins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
3.75 - 9.83 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
60
Einfach Online Kredit variabler Zins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
3.76 - 9.07 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
72
Einfach Online Kredit Fixzins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
3.76 - 9.51 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
72
Einfach Online Kredit variabler Zins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
3.78 - 8.70 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
84
Einfach Online Kredit Fixzins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
3.78 - 9.29 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
84
Einfach Online Kredit variabler Zins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
3.79 - 8.41 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
96
Einfach Online Kredit Fixzins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
3.79 - 9.14 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
96
Einfach Online Kredit variabler Zins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
3.82 - 7.96 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
120
Einfach Online Kredit Fixzins
Sales Region
Austria
Loan Currency
EUR
Effective Rate (p.a.)
4.08 - 8.97 %
Loan Amount (EUR)
8001 - 10000
Loan Term (months)
120

Austria: This product is offered to Austrian residents only. When clicking on the product link you will be redirected to the product page in German.

See Also

Financial Positions

Total Assets (2017)
35 361.24 mln EUR  (+1.06%)

In 2017 total assets of BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG were 35 361.24 mln EUR. Growth compared to the previous period (2016) was 1.06%. The evolution of the total assets of BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG is shown at Chart 1 below.

Total Assets of BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG.

Chart 1. Total Assets of BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG.

Recent changes in total assets of BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG and its main components are shown in Table 1.

2016 2017 % change
Loans to banks 2 070.1 2 569.8 +24.14%
Loans to customers 23 839.6 23 489.4 -1.47%
Bonds and other fixed-income securities 4 446.7 4 783.8 +7.58%
Shares and other variable-yield securities 1 606.5 1 127.8 -29.80%
Total Assets 34 991.1 35 361.2 +1.06%
Table 1. Recent changes in total assets of BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG (mln EUR).

Recent changes in total liabilities of BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG and its main components are shown in Table 2.

2016 2017 % change
Bank deposits 6 241.9 7 404.5 +18.62%
Customer deposits 20 710.6 20 446.7 -1.27%
Total Liabilities 34 991.1 35 361.2 +1.06%
Table 2. Recent changes in total liabilities of BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG (mln EUR).

Profit and Loss

Operating Income (2017)
1 008.33 mln EUR  (+13.41%)
Net Income (2017)
773.24 mln EUR  (+42.61%)

Recent changes in gross profit of BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG and its main components are shown in Table 3.

2016 2017 % change
Commission Income 256.2 260.4 +1.64%
Commission Charges -88.7 -75.1 -15.40%
Interest Income 739.7 720.9 -2.54%
Interest Charges -123.2 -105.5 -14.35%
Net Interest Income 616.5 615.4 -0.18%
Table 3. Recent changes in gross profit of BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG (mln EUR).

In 2017 net income of BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG was 773.24 mln EUR. Growth compared to the previous period (2016) was 42.61%. The evolution of the net income of BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG is shown at Chart 2 below.

Net Income of BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG.

Chart 2. Net Income of BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG.

Market Share and Rank (among banks in Austria)

Total Assets (2015)
4th (market share 4.17%)

In 2015 BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG was ranked the 4th largest bank in Austria in terms of total assets, having 4.17% of the domestic market share.

Market share of BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG (among banks in Austria)

Chart 3. Market share of BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG (among banks in Austria)

Several banks having the market shares and ranks closest to BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG are shown below.

RankNameTotal AssetsMarket Share
3Raiffeisen Bank International AG52533.77 mln EUR6.46%
4BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG33910.71 mln EUR4.17%
5Raiffeisenlandesbank Oberösterreich AG30267.01 mln EUR3.72%
 

Market Share and Rank (among Joint stock banks and private banks in Austria)

Total Assets (2015)
2nd (market share 14.20%)

In 2015 BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG was ranked the 2nd largest joint stock bank and private bank in Austria in terms of total assets, having 14.20% of the category's market share.

Market share of BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG (among Joint stock banks and private banks in Austria)

Chart 4. Market share of BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG (among Joint stock banks and private banks in Austria)

Several joint stock banks and private banks having the market shares and ranks closest to BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG are shown below.

RankNameTotal AssetsMarket Share
1UniCredit Bank Austria AG123593.92 mln EUR51.75%
2BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG33910.71 mln EUR14.20%
3Oberbank AG17630.14 mln EUR7.38%
 

Credit Ratings (as of May 2018)

Fitch Moody's
- (not rated) A2 (upper medium grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG is rated by Moody's.

Credit ratings assigned to BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG as of May 2018 are shown in details in the following sections.

Moody's

Long-term rating for BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG it is set to A2 (upper medium grade). Long-term bank deposit rating is A2 (upper medium grade). Baseline credit assessment is baa1. Short-term rating is not assigned.

Long-Term Rating  A2
Long-Term Bank Deposit Rating  A2
Baseline Credit Assessment  baa1
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

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 P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG 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
Covered Currencies  EEA currencies
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) 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.

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).

BIC of BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG and its components are shown in the table below.

BIC  BAWAATWWXXX
Bank BIC Code  BAWA
Country Code  AT (Austria)
Location Code  WW
Branch Code  XXX

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.

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.

MFI ID of BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG is shown in the table below.

MFI ID  AT0000000537678

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 Number  205340x

European Presence: 3 banks in 2 countries

BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG operates under the brand name BAWAG. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Austria

United Kingdom