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Basellandschaftliche Kantonalbank reports profit increase amid political pressure and initiative
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.
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