BAWAG Group Successfully Completes Takeover of Knab

The acquisition of Knab by BAWAG Group has been successfully completed. The Austrian bank bought Knab from insurer asr in February 2024 . BAWAG, a listed banking group with a market capitalization of more than €5.5 billion, will provide Knab with financial strength and operational support to grow further. Nadine Klokke, CEO Knab: "We are pleased to become part of BAWAG Group. It offers us a great opportunity to further expand our brand as the number one bank for self-employed persons and other entrepreneurs. BAWAG Group will strengthen our ambitions to grow faster and help us to serve our customers even better."