The annual contribution required from Basler Kantonalbank (BKB) to benefit from the state guarantee will be increased by the cantonal government of Basel-Stadt.
The amount will be raised from CHF 10.2 million to CHF 15.2 million for the period between 2025 and 2028.
This adjustment is due to the significant growth in BKB's balance sheet total.
BKB officials stated that the increase reflects the bank's expanding financial position, which necessitates a higher contribution to maintain the state guarantee.
This decision highlights the ongoing developments within the financial landscape of Basel-Stadt and the strategic adjustments being made by its cantonal bank.