Acquisition of Knab by BAWAG Group Successfully Completed
November 01 2024 - 4:50AM
UK Regulatory
Acquisition of Knab by BAWAG Group Successfully Completed
ACQUISITION OF KNAB BY BAWAG GROUP
SUCCESSFULLY COMPLETED
VIENNA, Austria - November 1, 2024
- BAWAG Group today announces the successful completion of the
acquisition of Knab, a bank based in the Netherlands. BAWAG Group
will work with the Knab leadership team to continue growing the
Retail and SME business in the Netherlands, while also providing
the operational support and financial strength of a broader banking
group.
About BAWAG Group
BAWAG Group AG is a publicly listed holding company
headquartered in Vienna, Austria, serving 2.1 million retail, small
business, corporate, real estate and public sector customers across
Austria, Germany, Switzerland, Netherlands, Western Europe and the
United States. The Group operates under various brands and across
multiple channels offering comprehensive savings, payment, lending,
leasing, investment, building society, factoring and insurance
products and services. Our goal is to deliver simple, transparent,
and affordable financial products and services that our customers
need.
BAWAG Group’s Investor Relations website
https://www.bawaggroup.com/ir contains further information,
including financial and other information for investors.
Forward looking statement
This release contains “forward-looking statements”
regarding the financial condition, results of operations, business
plans and future performance of BAWAG Group. Words such as
“anticipates,” “believes,” “estimates,” “expects,” “forecasts,”
“intends,” “plans,” “projects,” “may,” “will,” “should,” “would,”
“could” and other similar expressions are intended to identify
these forward-looking statements. These forward-looking statements
reflect management’s expectations as of the date hereof and are
subject to risks and uncertainties that may cause actual results to
differ materially from those projected. These risks and
uncertainties include, but are not limited to, economic conditions,
the regulatory environment, loan concentrations, vendors,
employees, technology, competition, and interest rates. Readers are
cautioned not to place undue reliance on the forward-looking
statements as actual results may differ materially from the results
predicted. Neither BAWAG Group nor any of its affiliates, advisors
or representatives shall have any liability whatso-ever (in
negligence or otherwise) for any loss howsoever arising from any
use of this report or its content or otherwise arising in
connection with this document. This report does not constitute an
offer or invitation to purchase or subscribe for any securities and
neither it nor any part of it shall form the basis of or be relied
upon in connection with any contract or commitment whatsoever. This
statement is included for the express purpose of invoking “safe
harbor provisions”.
Financial Community:
Jutta Wimmer (Head of Investor Relations)
Tel: +43 (0) 5 99 05-22474
IR Hotline: +43 (0) 5 99 05-34444
E-mail: investor.relations@bawaggroup.com
Media:
Manfred Rapolter (Head of Corporate Affairs)
Tel: +43 (0) 5 99 05-31210
E-mail: communications@bawaggroup.com
This text can also be downloaded from our website:
https://www.bawaggroup.com
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