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1 PRESS RELEASE VIENNA , October 28 , 2021 BAWAG Group BAWAG GROUP REPORTS THIRD QUARTER NET PROFIT OF EUR 123 MILLION , EPS EUR 1.38 , AND ROTCE OF 16.4 % ▸ Net profit of EUR 316 million , EPS of EUR 3.55 and RoTCE of 14.2 % for Q1 - Q3 2021 ▸ Risk costs of EUR 22 million in Q3 2021 and of EUR 75 million for Q1 - Q3 2021 with no reserves released ▶ CET1 ratio of 14.7 % post - deduction of dividend accrual of EUR 158 million for Q1 - Q3 2021 ► Distributed EUR 420 million dividend relating to 2019/2020 profits on October 8 , 2021 ▶ On track to meet full year 2021 targets : RoTCE of ~ 15 % and CIR ~ 40 % VIENNA , Austria - October 28 , 2021 - BAWAG Group today released its results for the third quarter 2021 , reporting a net profit of EUR 123 million , EUR 1.38 earnings per share , and a ROTCE of 16.4 % . For the first nine months of the year , BAWAG Group reported net profit of EUR 316 million , EUR 3.55 earnings per share , and a ROTCE of 14.2 % . The underlying operating performance of our business was strong during the first nine months 2021 with pre provision profits of EUR 547 million and a cost - income ratio of 39.9 % . Total risk costs returned to more normalized levels of EUR 75 million , with the management overlay now at EUR 72 million . Management decided not to release any reserves , although we see both an improved macroeconomic environment and continued positive developments across our customer base , in particular observing payment holidays falling to 0.1 % across all customer loans . In terms of loan growth and capital , we grew average customer loans by 4 % versus prior year - end . We continued to accrete CET1 capital , generating approximately 160 basis points of gross capital during the first nine months of the year . Our CET1 ratio was 14.7 % , up 70 basis points from year - end 2020 after deducting the dividend accrual for the first nine months 2021 of EUR 158 million . Following the initial down - payment of EUR 40 million on the total EUR 460 million earmarked dividends from 2019 and 2020 profits on 12 March 2021 , the remaining EUR 420 million were paid out on 8 October 2021 . " We started the first nine months of the year with a strong set of operating results delivering net profit of EUR 316 million , ROTCE of 14.2 % and cost - income ratio of 39.9 % . Although we've experienced rolling and partial lockdowns in our core markets during the first few months of 2021 , we are seeing a normalization of economic activity and are therefore confident to meet our targets of a RoTCE -15 % and CIR -40 % for the full year . In September , we hosted our inaugural investor day , where we communicated our new targets and 4 - year plan through 2025. We have positioned the franchise for responsible , sustainable , and profitable growth in the many years ahead . Our long - term value creation will benefit our customers , shareholders , team members , and local communities . " commented Chief Executive Officer Anas Abuzaakouk .