M/26/034 – BAWAG/PTSB

Transaction details

The proposed acquisition by Bawag Group AG, through its wholly owned subsidiary BAWAG PSK Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft, of sole control of Permanent TSB Group Holdings PLC has been notified to the Competition and Consumer Protection Commission.

Notification date	Decision date
Wednesday May 13, 2026	Wednesday, June 24, 2026

Parties Involved	Business activities
BAWAG Group AGBAWAG Group AG	BAWAG Group AG is the parent company of an Austrian international banking group providing a broad range of saving, payment, credit, leasing and investment products and services, as well as insurance, to retail, small and medium sized enterprises, corporate, real estate and public sector customers in Austria, Switzerland, the Netherlands, Germany, Ireland, the United Kingdom and the USA. It is publicly listed and a member of the Austrian Traded Index as well as Global FTSE and MSCI index series. BAWAG PSK Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft is a stock corporation regulated by the European Central Bank and local financial regulatory authorities in Austria, Germany, the Netherlands and Ireland. It is a wholly owned subsidiary of BAWAG Group AG.
Permanent TSB Group Holdings	Permanent TSB Group Holdings is a provider of retail and SME banking in the State, offering a range of banking products such as business and personal current accounts, overdrafts, mortgages, business and personal loans, credit cards, asset finance products and home insurance.

Parties Involved

Business activities

BAWAG Group AGBAWAG Group AG

BAWAG Group AG is the parent company of an Austrian international banking group providing a broad range of saving, payment, credit, leasing and investment products and services, as well as insurance, to retail, small and medium sized enterprises, corporate, real estate and public sector customers in Austria, Switzerland, the Netherlands, Germany, Ireland, the United Kingdom and the USA. It is publicly listed and a member of the Austrian Traded Index as well as Global FTSE and MSCI index series.

BAWAG PSK Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft is a stock corporation regulated by the European Central Bank and local financial regulatory authorities in Austria, Germany, the Netherlands and Ireland. It is a wholly owned subsidiary of BAWAG Group AG.

Permanent TSB Group Holdings

Permanent TSB Group Holdings is a provider of retail and SME banking in the State, offering a range of banking products such as business and personal current accounts, overdrafts, mortgages, business and personal loans, credit cards, asset finance products and home insurance.

Economic sector	Media merger
Financial services	No

Submissions from third parties due by:
Phase 1	Phase 2
Wednesday, May 27, 2026

Current status: Active
None

Authorised Officer Assigned	Contact Details
Sean Heeran	seanheeran@ccpc.ie

Media enquiries: communications@ccpc.ie

Return to Merger Notifications

M/26/034 – BAWAG/PTSB

Transaction details

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