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Monika Roth has criticized Basellandschaftliche Kantonalbank (BLKB) for its subsidiary Radicant, calling it superfluous and questioning the merger with Numarics. In response, BLKB defends Radicant as a strategic investment to diversify its business and comply with regional operational mandates, emphasizing its role in balancing risk and expanding customer reach. The bank also asserts that it has communicated its objectives transparently to stakeholders.
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.
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.
Radicant Bank and Numarics have successfully completed their merger, announced on October 17, 2024, following shareholder and regulatory approvals. The new entity, Radicant Holding AG, aims to provide integrated banking and financial services for private customers and SMEs, with BLKB as the majority shareholder. Anton Stadelmann will serve as CEO, while Marco Primavesi will be the Chairman of the Board.
radicant bank ag and Numarics AG have successfully merged, forming radicant holding ag, with the aim of providing integrated banking and financial services for private customers and SMEs. The merger, approved by shareholders and relevant authorities, positions BLKB as the majority shareholder. Anton Stadelmann will serve as CEO, while Marco Primavesi will be the Chairman of the Board.
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.
Shareholders have approved the merger of BLKB subsidiary Radicant with Numarics, aiming to create a fully integrated offering for private customers and SMEs in banking, financial investments, and administration. The new entity will operate as Radicant Holding AG, led by Anton Stadelmann as CEO, with Marco Primavesi continuing as Chairman of the Board. Venture capital firms including Founderful, FiveT, Seed X, Davidson Capital, and UBS are also involved in the newly formed company.
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.
Radicant and Numarics are merging to create a new neo-bank, retaining the Radicant name and relocating to Liestal. The merger aims to integrate financial services and digital solutions for private and SME clients, with Radicant's CEO Anton Stadelmann leading the new entity. UBS and several venture capital firms are investing in the combined company, which will have a workforce of 240 and a focus on a comprehensive banking and administration platform.
Anton Stadelmann
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