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politicians criticize blkb for optimistic profit reporting amid modest performance

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.
Basler Zeitung
Swiss Franc Basellandschaftliche Kantonalbank, Filiale Allschwil CHE Anton Stadelmann Peter Riebli Marco Agostini John Häfelfinger Ernst Schürch Show more
Politics & Governance, News Article
19:20 28.02.2025
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