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BLKB defends Radicant amid criticism of its strategic relevance and communication
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.
bank faces scrutiny over sustainability strategy and public accountability
The initiative criticizing BLKB's sustainability focus is seen as outdated and politically motivated, reflecting public frustration over unanswered questions. While Radicant, a digital bank under BLKB, has positive customer growth, doubts remain about its profitability and strategic direction, especially after its merger with Numarics. Critics argue that BLKB's management lacks transparency and fails to engage meaningfully with stakeholders, risking its reputation and future success.
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