bank increases state guarantee compensation by 5 million in basel-stadt

BKB has decided to increase its payment for the state guarantee by 5 million. This adjustment in compensation is intended to cover the canton's liability for the bank's debts in the event of bankruptcy.

The increased compensation serves two purposes: it reduces the risk associated with the bank's potential insolvency and addresses the bank's cost advantages. This measure aims to maintain fair competition within the financial sector by ensuring a level playing field among institutions.

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