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Basler Kantonalbank reports profit increase and announces special dividend for 2024
Basler Kantonalbank (BKB) reported a 10% increase in consolidated profit for 2024, reaching CHF 186.3 million, despite a challenging interest rate environment. The bank will distribute a total of CHF 4.50 per participation certificate, including a special dividend of CHF 1.25. Looking ahead, BKB aims to implement its "2026+" strategy under new CEO Regula Berger, while navigating geopolitical and economic uncertainties.
BKB Group reports strong 2024 results with increased profits and dividends
The BKB Group achieved a strong annual result for 2024, maintaining net profit despite falling interest rates and achieving four of five strategic targets ahead of schedule. The company celebrated its 125th anniversary with a total dividend of CHF 4.50 and a special profit transfer of CHF 25 million to the canton of Basel-Stadt. Looking ahead, Regula Berger will succeed Basil Heeb as CEO in March 2025, with a focus on enhancing client orientation and navigating economic uncertainties.
Basler Kantonalbank reports profit growth and announces special dividend for 2024
Basler Kantonalbank (BKB) reported a 10% increase in consolidated profit for 2024, reaching CHF 186.3 million, despite a slight decline in operating profit due to a challenging interest rate environment. The bank will distribute a total of CHF 4.50 per participation certificate, including a special dividend of CHF 1.25. Looking ahead, BKB aims to implement its "2026+" strategy under new CEO Regula Berger, amidst ongoing economic uncertainties.
Basler Kantonalbank reports lower revenue but higher net profit in 2024
Basler Kantonalbank (BKB) reported a net profit of CHF 172.9 million for the previous year, a 9.8% increase, despite a 1.6% decline in net interest income due to a challenging interest rate environment. Total revenues fell by 1.0% to 492.3 million, while commission income rose by 10.6%. The bank plans to distribute an ordinary dividend of CHF 3.25 and a special dividend of CHF 1.25 per share, marking its 125th anniversary.
Basler Kantonalbank reports profit growth and announces special dividend for 2024
Basler Kantonalbank reported a 10% increase in consolidated profit for 2024, reaching CHF 186.3 million, despite a slight decline in operating profit. Shareholders will receive a total dividend of CHF 4.50, including a special dividend for the anniversary year. The bank's focus on asset management helped offset declines in interest income and trading revenue, while the parent bank's profit rose by nearly 10%. Looking ahead, the new CEO aims to implement the "2026+" strategy amid ongoing market challenges.
Basler Kantonalbank reports profit growth and announces special dividend for 2024
Basler Kantonalbank (BKB) reported a 10% increase in consolidated profit for 2024, reaching CHF 186.3 million, despite a slight decline in operating results due to a challenging interest rate environment. The bank will distribute a total of CHF 4.50 per participation certificate, including a special dividend of CHF 1.25. Looking ahead, BKB aims to implement its "2026+" strategy under new CEO Regula Berger, amid ongoing economic uncertainties.
BKB Group reports strong annual results driven by broad-based growth
The BKB Group reported a strong annual result for 2024, with operating profit at CHF 275.2 million and consolidated profit rising by 10% to CHF 186.3 million, despite falling interest rates. Customer loans and deposits grew, contributing to a stable balance sheet, while the cost/income ratio remained below the strategic target. As CEO Basil Heeb prepares to step down in 2025, Regula Berger is set to lead the Group, focusing on customer satisfaction and stability amid economic uncertainties.
Christoph Auchli appointed Deputy CEO of Basler Kantonalbank effective March 2025
Christoph Auchli has been appointed as Deputy CEO and Deputy Chairman of the Group Executive Board of Basler Kantonalbank, effective January 29, 2025. Currently serving as CFO, Auchli has been with the bank since 2006 and has held various finance roles, contributing significantly to its success. He will succeed Regula Berger, who becomes CEO on March 1, 2025.
Christoph Auchli appointed Deputy CEO of Basler Kantonalbank
Christoph Auchli has been appointed as the new Deputy CEO and Vice Chairman of the Group Executive Board at Basler Kantonalbank, effective March. He will succeed Regula Berger, who will become the new CEO. Auchli, 54, has been with BKB since 2018 as CFO, overseeing the Finance and Risk division.
Basler Kantonalbank appoints Christoph Auchli as deputy CEO and chairman
Basler Kantonalbank has appointed Christoph Auchli as Deputy CEO and Deputy Chairman of the Group Executive Management, effective March 1. Auchli, who has been with the bank since 2006 and served as CFO since 2018, will support newly appointed CEO Regula Berger, who takes office in September 2024. Berger praised Auchli's extensive experience and strategic contributions to the bank's success.
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