PTSB keeps Bawag deal on track while Bawag stock loses 1.76 percent

Published on 10/07/2026 at 10:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PTSB said no rival offer had been made on October 5, 2026. Bawag stock costs EUR 172.85 on October 7, 2026 after EUR 175.95, minus 1.76 percent.

Bawag, AT0000BAWAG2, Illustration mit AI erstellt.

Bawag stock was trading at EUR 172.85 at Lang & Schwarz on October 7, 2026 at 10:01 a.m. CEST, down 1.76 percent versus the prior close of EUR 175.95. On October 5, 2026, PTSB said it had received no offer from Axis Capital and would continue with the agreed sale process to BAWAG, according to Irish Examiner.

PTSB deal faces a rival bid

The proposed BAWAG transaction values PTSB at EUR 1.60 billion and offers EUR 2.97 per share. Axis Capital has discussed a possible EUR 3.20 per share offer, valuing PTSB at EUR 1.74 billion, but the Irish lender said the proposal had not been made and remained conditional.

The transaction still requires regulatory and court approval. The High Court hearing is scheduled for October 27, 2026, while PTSB shareholders approved the BAWAG proposal in July with 91.28 percent of votes cast, according to Irish Examiner.

Q2 profit strengthens the case

BAWAG reported second-quarter 2026 revenue of EUR 522.0 million, up 7.90 percent from the second quarter of 2025. Net income rose 37.00 percent to EUR 255.0 million, while the profit margin increased to 49.00 percent from 39.00 percent, according to Simply Wall St.

The same report says BAWAG reconfirmed a 2026 net profit target of more than EUR 960.0 million. That target gives the PTSB expansion a clear earnings backdrop, but the rival approach adds execution and timing risk before the planned court process is completed.

Results date gives the next marker

BAWAG's next scheduled reporting date is October 19, 2026, when the company is expected to release third-quarter results, according to Marketscreener. The market will therefore have a fresh operating checkpoint before the October 27 PTSB hearing.

Stock trades below prior close

At Lang & Schwarz, Bawag stock stood at EUR 172.85 on October 7, 2026 at 10:01 a.m. CEST, down 1.76 percent from the prior close of EUR 175.95. The company had a market capitalization of EUR 13.6 billion and a 52-week range of EUR 103.80 to EUR 184.60 on October 7, 2026. The primary listing is in Vienna under the BWAGF symbol, according to finanzen.at. The further course of trading is shown by the continuously updated real-time quote of Bawag stock.