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blkb reports strong financial results and increased distribution for 2024
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 and numarics announce merger to enhance banking services in switzerland
Numarics AG and radicant bank ag, both subsidiaries of Basellandschaftliche Kantonalbank (BLKB), have announced plans to merge, pending regulatory approval. This merger aims to create a comprehensive banking and financial services platform for private and SME clients, enhancing their offerings and market presence. BLKB will remain the majority shareholder, with additional investments from venture capital firms.