European Financial Services is an Austrian-based, enterprise run by the Stanley family. We offer Austrian bank account brokerage and introduction services, We open hundreds of accounts every year with the top Austrian banks and know intimately the Austrian banking system and the account officers we work with.


BAWAG P.S.K. is an Austrian universal bank and an active member of society. Our goal is to serve the general good of the economy, society and culture

Company

BAWAG P.S.K.

The merger of the two traditional Austrian banks BAWAG and P.S.K. on 1 October 2005 created the largest retail bank in Austria.

The new BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG,or BAWAG P.S.K. in short,combines the strengths of both institutions.

All existing and new BAWAG and P.S.K. customers will benefit from the legal merger, and the reasonable terms and low fees offered by both banks will continue to apply.

The resulting major bank, which is active in all areas of financial services in Austria and abroad (in addition to a large number of domestic holdings, the bank holds equity participations and subsidiary banks in all of Austria’s eastern neighbours), operates the largest centrally managed distribution network in the country (157 BAWAG and 1,300 post-office outlets), has 1.2 million private and more than 60,000 business customers, a balance sheet total of 51 billion euros and manages the largest volume of savings deposits in Austria (18.5 billion euros).

Articles of Association of BAWAG P.S.K.

Articles of Association of BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft adopted by the General Meeting on 17. December 2007.

Corporate Governance

Corporate Governance Code of BAWAG P.S.K.

Coporate Governance Code of BAWAG P.S.K. - Declaration of Commitment of BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft.

Certificate of BAWAG P.S.K.

Certificate of BAWAG P.S.K Wide Compliance and Money Laundering Rules and Regulations on August 2006

Code of Conduct

The BAWAG P.S.K. Group sees it as its mission to create sustainable value for its shareholders, customers, employees and for society as a whole. The common basis for this mission is our corporate culture, which is distinguished by its performance orientation, mutual respect and commitment to the wellbeing of all persons involved and to excellence. Our business success is achieved through competence, propriety, trustworthiness and reputability.

The BAWAG P.S.K. Group is committed to upholding the values and principles laid down in this Code of Conduct.

Bank History

BAWAG P.S.K. History

2005
BAWAG and P.S.K. are merging. The merged bank will be operating under the name BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft.

The granting of a major loan to the American futures trading company Refco that later turned out to be uncollectible brought a new chairman to the Managing Board. Univ. Prof. Dr. Ewald Nowotny becomes the new CEO of BAWAG P.S.K. on 1 January 2006.


2006
After fraudulent practices by Refco were uncovered, a class-action suit in the USA caused considerable difficulties for BAWAG P.S.K. A guarantee granted by the Republic of Austria stabilised the bank and made it possible to continue business as before.

Together with Accenture, BAWAG P.S.K. implements one of the largest IT projects in Europe. Over 1,500 branches have a common core banking system.

The competent bodies of the Austrian Trade Union Association, ÖGB, resolve to sell the shares in BAWAG P.S.K. to the U.S. investment company Cerberus and its Austrian partners Generali, Wüstenrot, and a private group of industrialists including Dr. Androsch. Thus, a new era for BAWAG P.S.K. will begin.

AGB

General terms and conditions for banking transactions of BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft.