Introduction
BAWAG Group is an Austrian retail bank that listed on the Vienna Stock Exchange in October 2017. BAWAG P.S.K., BAWAG Group's main operating subsidiary, is the fourth largest bank in Austria, with more than 2.5 million customers. The bank's main markets are Austria (69% of revenue) and Germany (11% of revenue). There are also smaller exposures to the UK (5%), USA (3%) and France (3%).
The bank has two operating segments. Retail & SME (72% of profits) offers current accounts, mortgages, consumer loans, auto leasing factoring, and SME lending, while Corporates & Public (28%