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Basler Kantonalbank reported a 10% increase in consolidated profit to CHF 186.3 million for 2024, despite lower interest rates impacting net operating income, which fell slightly to CHF 275.2 million. Customer loans rose by 2.2% to CHF 19.79 billion, while customer deposits surged by 12% to CHF 18.22 billion. The bank will distribute a total of CHF 137.2 million to the canton of Basel-Stadt, including an additional anniversary dividend of CHF 1.25 per participation certificate.
Basler Kantonalbank reported a consolidated profit of 186.3 million francs for 2024, marking a 10% increase and maintaining business success at the previous year's level. The bank will transfer 137.2 million francs to the Canton of Basel-Stadt, equating to about 660 francs per citizen. As CEO Basil Heeb prepares to step down, his successor Regula Berger expresses optimism for the future, emphasizing a focus on customer orientation and stability amid economic uncertainties.
Basler Kantonalbank (BKB) reported a 10% increase in consolidated profit for 2024, reaching CHF 186.3 million, despite a challenging interest rate environment. The bank will distribute a total of CHF 4.50 per participation certificate, including a special dividend of CHF 1.25. Looking ahead, BKB aims to implement its "2026+" strategy under new CEO Regula Berger, while navigating geopolitical and economic uncertainties.
Bank Cler reported a slight increase in net profit to 43.6 million francs for the 2024 financial year, despite a 14.4% drop in operating results to 79.5 million francs due to investments in the Zak neobanking app and staff training. The number of Zak users grew by over 10,000, and 9,700 new savings accounts were opened, totaling over 120 million francs. For 2025, the bank anticipates stable performance and continued investments in its employees and products.
Basler Kantonalbank, a Swiss bank primarily serving Northwestern Switzerland, reported an increase in profit for FY24 despite a decline in operating results. The bank provides a variety of services, including bank accounts, mortgages, financial planning, and specialized advisory teams for seniors and women, along with trading platforms for foreign exchange and direct brokerage.
Basler Kantonalbank, a Swiss bank serving the north-western region, reported an increase in profit for FY 24 despite a decline in operating income. The bank offers a wide range of services, including various accounts, mortgages, financial planning, and specialized consulting teams for seniors and women.
Bank Cler reported a slight profit increase of 1.1% to 43.6 million francs for the 2024 financial year, despite a 14.4% drop in operating profit to 79.5 million francs due to investments in the Zak neobanking app and staff training. The number of Zak users grew by over 10,000, and 9,700 new savings accounts were opened, totaling over 120 million francs. For 2025, the bank anticipates stable performance and continued investments in its workforce and products.
The BKB Group achieved a strong annual result for 2024, maintaining net profit despite falling interest rates and achieving four of five strategic targets ahead of schedule. The company celebrated its 125th anniversary with a total dividend of CHF 4.50 and a special profit transfer of CHF 25 million to the canton of Basel-Stadt. Looking ahead, Regula Berger will succeed Basil Heeb as CEO in March 2025, with a focus on enhancing client orientation and navigating economic uncertainties.
Basler Kantonalbank (BKB) reported a 10% increase in consolidated profit for 2024, reaching CHF 186.3 million, despite a slight decline in operating profit due to a challenging interest rate environment. The bank will distribute a total of CHF 4.50 per participation certificate, including a special dividend of CHF 1.25. Looking ahead, BKB aims to implement its "2026+" strategy under new CEO Regula Berger, amidst ongoing economic uncertainties.
In its 125th anniversary year, Basler Kantonalbank (BKB) has reported a significant profit increase, allowing it to reward shareholders with a special withholding tax-free anniversary dividend of CHF 1.25 per participation certificate. Combined with the unchanged ordinary dividend of CHF 3.25, shareholders will receive a total of CHF 4.50 per certificate, reflecting a dividend yield of 6.5%. Holders of participation certificates benefit from the bank's success but do not possess voting rights.
Basler Kantonalbank
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BKB Group reports strong 2024 results with increased profits and dividends
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Basler Kantonalbank reports profit growth and announces special dividend for 2024
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BKB announces special dividend amid strong profit growth in anniversary year
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