Austrian bank BAWAG PSK is doing due diligence on takeover opportunities as it pursues M&A growth across German-speaking Europe.
The bank said it is particularly focused on bolt-on acquisitions in Germany and Austria.
BAWAG reported a year-over-year drop in first-quarter net profit to €86.5 million from €95.1 million. Regulatory charges increased to €36.7 million from €25.2 million; they included the bank levy, and contributions to the deposit guarantee scheme and single resolution fund.
