P r e s s r e l e a s e 
Vienna, December 2nd, 2013 
 
BAWAG P.S.K. announces an additional EUR 150 million redemption of 
Participation Capital 
 
Vienna, December 2nd, 2013 – In the further execution of its strategic and capital plans, 
BAWAG P.S.K. today announces the redemption of an additional EUR 150 million of 
the participation capital held by the Republic of Austria. 
 
Together with the EUR 50 million notional repayment that occurred in June 2013, BAWAG 
P.S.K. will have paid back EUR 200 million of the total EUR 550 million of participation 
capital which was invested in the Bank. However, when also including dividends paid to date 
to the Republic and the pro-rata dividend for 2013 which will be paid in early 2014, BAWAG 
P.S.K.’s total payment to the Republic of Austria will stand at approximately EUR 427 
million. 
 
The Bank also confirms its recently announced target to reach a fully loaded Basel III CET I 
ratio of at least 9.0% by year end 20131
. This equates a CET I ratio according to Basel 2.5 of 
greater than 14.0%, including the current repayment of participation capital2
. This will make 
BAWAG P.S.K. one of the best capitalised banks in Austria and allows the Bank to execute 
its strategic business plans without relying on any non permanent common capital elements 
such as participation capital. 
 
Byron Haynes, CEO of BAWAG P.S.K. comments: “This further redemption of 
participation capital of EUR 150 million reflects the significant strengthening of the capital 
position of BAWAG P.S.K. during the course of year 2013 through the reduction of non-core 
assets, derisking activities and core earnings growth. A solid capital position remains the 
cornerstone of our strategic and operational plans. 
At the same time, we have continued to invest in our core retail and corporate franchises 
while also addressing the necessary cost restructuring actions which should allow the Bank to 
be competitive and solidly profitable in a more challenged banking environment that is 
expected to persist for the foreseeable future.” 
 
The repayment is a pro-rata redemption of the remaining participation capital in the nominal 
amount of EUR 150 million. At year end 2009 the Bank had issued participation capital with 
an aggregate nominal value of EUR 550 million, which has entirely been held by the Republic 
of Austria pursuant to the Austrian Act on Financial Stability prior to the redemptions. 
Redemption effective date is the day of the publication of the resolution of the shareholders’ 
meeting in the official gazette “Amtsblatt zur Wiener Zeitung”. 
 
 
 
 
1
 Excluding participation capital, hybrid capital instruments and minorities according to fully loaded Basel III 
rules 
2
 CET I ratio acc. to Basel 2.5 as of 30.06.2013: 12.3%