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Ten years ago, shares of Basellandschaftliche Kantonalbank (BLKB) were priced at CHF 906.00. An investment of CHF 10,000 would have resulted in 11,038 shares, now valued at CHF 10,331.13, reflecting a 3.31% increase. The current market value of BLKB stands at CHF 525.28 million.
Basellandschaftliche Kantonalbank (BLKB) reported a profit of 166.4 million francs for 2024, marking a 9.1% increase from the previous year. This positive performance comes amid political pressure from an initiative aimed at restricting the bank's activities, which criticized its profit development and socio-political involvement. CEO John Häfelfinger emphasized the bank's commitment to regional businesses and sustainable success, while the government acknowledged BLKB's strong local roots and contributions to economic prosperity.
Basellandschaftliche Kantonalbank (BLKB) reported a profit of 166.4 million francs, prompting criticism from local politicians who argue the management's optimistic portrayal is misleading. Concerns include the bank's relatively slow growth compared to peers and potential embellishments in financial reporting. Additionally, there are worries about the bank's focus on sustainability impacting loan approvals, leading to a strained relationship with local authorities.
Zürcher Kantonalbank (ZKB) is restructuring to create a new "Private Clients" unit for clients with assets up to one million francs, effective November. Susanne Thellung, currently CEO of Schwyzer Kantonalbank, will lead this unit, enhancing the bank's focus on distinct customer segments. Meanwhile, Michel Degen has been appointed interim CEO of SZKB as the succession process begins.
Three years ago, Basellandschaftliche Kantonalbank (BLKB) shares were priced at CHF 920.00. An investment of CHF 100 at that time would now yield 0.109 shares, valued at CHF 98.70, reflecting a negative performance of 1.30%. The bank's market value stands at CHF 509.30 million.
Basellandschaftliche Kantonalbank (BLKB) reported a profit of CHF 166 million for 2024, marking a 9.1% increase from the previous year, despite criticism over its investment in the digital bank Radicant. The bank's operating income rose by 4% to CHF 477.1 million, and it maintained a strong regional focus, with 57% of Basel residents as customers. Radicant, which has 10,000 clients and CHF 120 million in managed assets, is viewed as a long-term strategic investment, aiming for break-even by 2027/2028.
Basellandschaftliche Kantonalbank (BLKB) reported a record profit of 166.4 million Swiss francs, reflecting strong growth despite ongoing challenges, particularly regarding its subsidiary Radicant. With around 10,000 customers, Radicant is expected to break even by 2027 or 2028, although it has faced criticism and financial write-downs. CEO John Häfelfinger emphasized the bank's commitment to the Basel region, highlighting its significant contributions to local economic development.
Basellandschaftliche Kantonalbank reported a significant increase in profit for the 2024 financial year, achieving a net profit of 166.4 million francs, which is 9.1 percent higher than the previous year. The bank distributed nearly CHF 73 million to the canton of Basel-Landschaft.
Basellandschaftliche Kantonalbank (BLKB) reported a successful 2024, with operating income rising 4% to CHF 477 million and profit increasing 9.1% to CHF 166 million. The bank distributed CHF 73 million to the canton of Baselland and plans to pay shareholders a dividend of 42 francs per certificate. CEO John Häfelfinger highlighted the bank's strong regional focus, generating 80% of earnings locally, amid ongoing scrutiny of its digital subsidiary, Radicant.
Basellandschaftliche Kantonalbank (BLKB) reported a 9.1% increase in consolidated profit for 2024, reaching 166.4 million francs, with all business divisions showing growth. The bank anticipates Radicant will achieve profitability by 2027/2028 following its merger with Numarics, despite ongoing challenges in refinancing. Customer deposits rose by 2.9% to 21.6 billion francs, while operating expenses increased by 7.6%, reflecting investments in customer service and subsidiary expansion.
Basellandschaftliche Kantonalbank, Filiale Allschwil
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