BAWAG (Abbreviation of, , lit. 'Bank for Labor and Economy') was a bank in Austria founded in 1922. On October 1, 2005, it merged with the separate Österreichische Postsparkasse (PSK) to form the "Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG", shortened to BAWAG PSK. In October 2017, BAWAG Group AG, the holding company of BAWAG PSK, became a listed company on the Vienna Stock Exchange. Largest shareholders are GoldenTree Asset Management (21.8%) and T. Rowe Price (5.6%).[1]
BAWAG has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.[2][3]