BAWAG to acquire Hello bank! Austria from BNP Paribas.

BAWAG, a provider of banking and financial products and services, agreed to acquire Hello bank! Austria, a provider of online securities business, from BNP Paribas, a French international banking group. Financial terms were not disclosed. “The combination of Hello bank! Austria and easybank creates a leading brokerage business bolstering growth in our core retail franchise. The acquisition enables us to incorporate the expertise and scale of the Austrian market leader in online brokerage, expanding the product & service offerings to a broader range of customers. I‘m excited to welcome the Hello bank! Austria customers along with our new colleagues into the BAWAG Group family," Sat Shah, BAWAG Head of Retail & SME and Deputy CEO.