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BLKB reported strong financial results for 2024, with net income from interest rising to CHF 341.8 million, driven by growth in lending and mortgage sectors. The bank increased its equity base and distribution, with a dividend of CHF 42 per KBZ owner, reflecting a commitment to regional support and sustainable growth. Despite challenges in the low interest rate environment, BLKB remains optimistic about 2025, anticipating continued demand for financing.
Radicant, a subsidiary of Basellandschaftliche Kantonalbank (BLKB), has merged with fintech company Numarics, which specializes in digital financial services for SMEs. The merger aims to create a fully integrated offering for banking, financial investments, and administration for private customers and SMEs. BLKB will remain the majority shareholder, and Anton Stadelmann will continue as CEO.
A non-partisan committee led by SVP President Peter Riebli is pushing for an initiative to restrict Basellandschaftliche Kantonalbank (BLKB) to its core business, aiming to restore public trust amid concerns over its investments in the digital bank Radicant. The proposal includes capping executive salaries and limiting the bank's social policies, which critics argue could harm its profitability and growth. Initial political reactions are largely negative, with concerns that the initiative represents an excessive intervention in the bank's operations.
A non-partisan committee has launched a popular initiative urging Basellandschaftliche Kantonalbank (BLKB) to prioritize regional services and cap management salaries. The initiative seeks amendments to the Cantonal Banks Act, emphasizing local needs and limiting executive compensation, while BLKB plans to evaluate the potential impacts of these demands.
Radicant Bank plans to merge with Zurich fintech Numarics, backed by UBS, to enhance its banking and investment services for private and corporate clients. The merger, pending regulatory approval, aims to simplify administration and expand offerings, with BLKB becoming the majority shareholder. Anton Stadelmann will lead the new company, headquartered in Liestal, as CEO.
UBS has become an investor in the neo-bank Radicant, although the investment is not direct. This stake arises from UBS's merger with FinTech Numarics, highlighting the bank's strategic move into the digital banking sector.
Radicant, a subsidiary of Basellandschaftliche Kantonalbank (BLKB), is merging with fintech Numarics to enhance its offerings for SMEs and private customers. The merger, pending approval from the Swiss Financial Market Supervisory Authority, aims to create a comprehensive banking and financial platform, with Radicant's CEO Anton Stadelmann leading the new entity based in Liestal.
BLKB's subsidiary Radicant is merging with fintech Numarics to enhance its offerings for private customers and SMEs, aiming for break-even by 2027/28. The merger will expand Radicant's services in sustainable banking and investment, while broadening its investor base with venture capital firms. Radicant's CEO Anton Stadelmann will continue to lead the combined entity, which will also see a new six-member Board of Directors.
BLKB's subsidiary Radicant is merging with fintech Numarics to enhance its offerings for private customers and SMEs, aiming for break-even by 2027/28. The merger will expand Radicant's services in sustainable banking and investment, while broadening its investor base with participation from venture capital firms. Radicant will continue under CEO Anton Stadelmann, with a new six-member Board of Directors formed from both companies.
Radicant and Numarics AG are merging to enhance their offerings for private individuals and SMEs, creating a platform that integrates banking, investment, and digital administration. The new entity will provide comprehensive financial services, including bookkeeping and digital bank accounts, under the Radicant name, with Anton Stadelmann as CEO. Basellandschaftliche Kantonalbank remains the main shareholder, alongside investors like UBS, as Radicant seeks to alleviate its financial burdens while expanding its services.
Numarics AG
Companies
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