BAWAG Group AG (VIE:BG) reinforced its all-cash bid for PTSB ahead of a 30 July 2026 shareholder vote while reporting resilient Q2 results—net interest income up to €488M and fees €102M, lower operating costs and a 0.9% NPL ratio—with deal completion subject to court and regulatory approvals.
Previous Week Recap
- BG Reaffirms Cash Bid For PTSB: BAWAG Group (BG) reaffirmed its recommended all-cash bid for PTSB, with a shareholder vote set for 30 July 2026; completion pending High Court approval and remaining regulatory clearances.
- BG Q2 2026 Metrics: BAWAG Group (BG) Q2 2026: net interest income €488M (+2% q/q), fees €102M (+3% q/q), operating costs €185M (−11% y/y), NPL ratio 0.9%.
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