| BAWAG Bank corporate logo | |
| Company type | Public |
|---|---|
| Industry | Finance and Insurance |
| Founded | [[]] |
| Headquarters | Vienna, Austria |
Key people | [[]], Chairman of Management Board |
| Products | Commercial banking, Investment banking, Private banking, Asset management |
| Revenue | € bn (as of 2004) |
| Website | www.bawag.com |
BAWAG is a bank in Austria. In October 1, 2005 it merged with the separate P.S.K. to form BAWAG P.S.K..
BAWAG was founded in 1922 by former Austrian Chancellor Karl Renner, to extend favourable terms of credit to ordinary people, as the 'Austrian Worker's Bank'. The bank was forced to close in 1934, but resumed its operations post World War II in 1947. In 1963, it took the name of Bank für Arbeit und Wirtschaft AG, BAWAG, or, in English, 'Bank for Labour and Economics'. As of 2004, the bank's majority shareholder was the ÖGB, the Austrian Trade Union Federation.