BAWAG Group

$BG (-1.47%) Discussed in Wallstreet-Online's Dividend Radar: https://www.wallstreet-online.de/nachricht/18248681-passives-einkommen-top-rendite-finanzkonzern-bawag-glaenzt-zweistelliger-dividendenquote

$BG (-1.47%)
BAWAG GROUP quarterly figures

- Q1 '24 net profit of € 167 million, EPS of € 2.11 and RoTCE of 23.7%

- Customer deposits +1% and customer loans stable compared to Q4'23 (both on average)

- Profit before risk costs of € 258 million (+4% compared to the previous year) and cost/income ratio of 32.9%

- Risk cost ratio of 28 basis points ... NPL ratio at 1%

- CET1 ratio of 15.6% after deduction of the deferred dividend of € 92 million for Q1'24

- 2024 targets confirmedEarnings before taxes > € 920 million, RoTCE > 20% and CIR < 34%

Anas Abuzaakouk, CEO, commented on the financial results as follows: "In the first quarter, we delivered strong results with a net profit of €167 million and a RoTCE of 24%. We generated a significant amount of capital during the quarter, increasing our CET1 ratio by 90 basis points to 15.6% and our excess capital to € 623 million. This already takes into account the deduction of the deferred dividend of € 92 million for the first quarter of 2024. We have earmarked our excess capital for the acquisition of Knab Bank, which we signed earlier this year, as well as for further M&A, which is at an advanced stage. These strategic opportunities not only offer us high added value in terms of earnings, but will also allow us to further expand both our Retail & SME business and our presence in the DACH/NL region. Today, I am more excited than ever about our future growth opportunities."

The BAWAG Group AG is

the listed holding company headquartered in Vienna, Austria, and serves 2.1 million private, SME, corporate and public sector customers in Austria, Germany, Switzerland, the Netherlands, Western Europe and the USA. The Group offers a wide range of savings, payment, credit, leasing and investment products as well as building society savings and insurance under various brands and via different sales channels. The provision of simple, transparent and first-class products and services that meet the needs of customers is at the heart of its strategy in all business areas.

The only share in Austria that is fun😍🙏

Watch out for the next dividend distribution of $BG (-1.47%) in 2 days.

Yield of 8.51% per annum. This was made possible by an increase in net income in 2023 of more than 34%.

Hello everyone,

I am 24 years old, my investment horizon is at least 20 years and I follow the Buy& Hold strategy and in the following I would like to share my portfolio and say something about each position.

$BTC (-1.41%) has simply done well in 2020 and has continued to rise.$ETH (-0.48%) Only got in at the end of 2023 Let's see where the journey goes$VWCE (+0.17%) should of course be further expanded to 70%$BG (-1.47%) the Ösis know them a super Dividendenaktie🇦🇹$RHM (-0.78%) Everyone needs defense$XRP (+0.58%) and $SOL (+1.22%) see a lot of potential in both$IBTL (+0.37%) Bond ETF will ignite when interest rates fall$FGEQ (+0.06%) , $VHYL (+0.11%) The classic dividend etfs are planned as passive income Will also be expanded$PLUG (+9.5%)
$BICO (-0.39%)
$NAS (-0.74%)
$VBAM (-0.48%) all very speculative

$BG (-1.47%) What Apple is to Warren Buffet, Bawag is to me. They know how to make money.

My 🇦🇹 bank share number #1

is the Bawag Group $BG (-1.47%)

Post-buy at "still favorable" prices.

As long as interest rates stay up, banks can make money again. I assume that interest rates will also no longer be negative or zero in the near future.

Conclusion - Bawag will reward me with price increases and decent dividends in the coming years 🤑🤞🏽

My current favorite among the bank stocks is the small Bawag Group $BG (-1.47%)

Klaus Umeg (Petrus Advisors) has made his short position money today with media fuss.

Unfortunately, I reacted a little too late, because the price was briefly below €38.

I am looking forward to future share price growth and "tax-free dividends" in the coming year.

#dividend

Hey, had a question about the dividend deduction after repayments of capital contributions as it applies, for example, to the acquisition values of $BG (-1.47%) or $FNTN (-1.23%) the last time after the dividend payment was made.

Can, if you keep the shares long enough, the acquisition value fall below 0 and all further dividend payments are then tax free or do I have a thought error?

I wanted to know from you why I received a dividend for the share $BG (-1.47%) Dividend have received but according to my calculation no taxes had to pay. I have read that for residents of Austria no taxes are due but I am not 😅.