BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft

BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft is a Vienna-based universal bank and the main operating subsidiary of BAWAG Group AG, a publicly listed holding company on the Vienna Stock Exchange. The bank provides retail, small business, and corporate banking in Austria, including current accounts, card payments, savings and term deposits, consumer loans and mortgages, and standard transaction, cash management, and lending services for companies, with investment and insurance products distributed via partner arrangements. Distribution is through a proprietary branch network, online and mobile banking, and ATMs; the former collaboration with Österreichische Post’s branch network is no longer in place. The group also operates the direct-banking brand easybank in Austria, while cross-border activities are conducted through group subsidiaries outside Austria. Accounts and cards are offered under Austrian tariff packages with fees for services such as out-of-network cash withdrawals, international transfers outside SEPA, and premium cards determined by published price lists; lending is subject to credit assessment and, for mortgages, collateral and affordability criteria. The bank is supervised under the European Central Bank’s Single Supervisory Mechanism in cooperation with the Austrian Financial Market Authority and is covered by the Austrian statutory deposit guarantee scheme for eligible deposits up to the legal limit per depositor. Payment services comply with PSD2 requirements, including strong customer authentication, and day-to-day service is primarily in German with selected documentation available in English. Overall, the institution focuses on mainstream retail and SME banking in Austria within a regulated, deposit-funded model and a group structure that has pursued selective expansion through acquisitions in German-speaking and other Western European markets.