BAWAG Group publishes Q1 2025 results: Net profit € 201 million and RoTCE 25.8%

Core Insights - BAWAG Group reported a net profit of €201 million for Q1 2025, with earnings per share of €2.54 and a return on tangible common equity (RoTCE) of 25.8% [1][4] - The results reflect the integration of Barclays Consumer Bank Europe, contributing to a full quarter of Knab and two months of Barclays Consumer Bank Europe [1] - The CET1 ratio stood at 13.8%, factoring in a €111 million dividend accrual for Q1 2025 and the acquisition costs [2] Financial Performance - Core revenues increased to €534.8 million, a 36% rise compared to Q1 2024 and a 19% increase from Q4 2024 [5] - Net interest income reached €445.8 million, up 41% year-over-year and 21% quarter-over-quarter [5] - Operating expenses rose to €197.6 million, reflecting a 57% increase compared to Q1 2024 [5] - The net profit of €201 million represents a 20% increase from €166.9 million in Q1 2024 [5] Asset Quality and Ratios - The non-performing loan (NPL) ratio was reported at 0.7%, indicating strong asset quality [2] - The cost-income ratio (CIR) was 37%, up from 32.9% in the previous year [5] - The liquidity coverage ratio (LCR) was at 213%, a slight decrease from 217% year-over-year [5] Strategic Outlook - BAWAG Group reaffirmed its outlook for the financial year 2025 and mid-term targets as presented on March 4, 2025 [3] - CEO Anas Abuzaakouk emphasized the company's solid foundation and strong balance sheet amidst market volatility [4]