Basler Kantonalbank

Latest Results (07.08.2024):

Strong Profitability in 2023

Basler Kantonalbank's financial results for the fourth quarter of 2023 highlight a significant boost in profitability. The bank's margins have been restored to normal levels due to the rise in interest rates, contributing to an excellent business result. This continues a four-year trend of growing operating profits, demonstrating the bank's robust financial health as it approaches its 125th anniversary in 2024.

Strategic Achievements

In 2023, Basler Kantonalbank successfully achieved its strategic targets, including profitable growth and the completion of three major projects. These projects include the transfer of corporate and institutional clients from Bank Cler to BKB, the launch of a new Digital Banking platform, and the introduction of a new remuneration policy. These initiatives have positioned the bank for future growth and enhanced its market attractiveness.

Dividend Increase

Reflecting its strong financial performance, Basler Kantonalbank has announced an increase in dividends by 4.8% to CHF 3.25 per share for the fourth quarter of 2023. This decision underscores the bank's commitment to rewarding its shareholders and its confidence in continued success. The total profit transfer to the Canton of Basel-Stadt will amount to CHF 92.6 million, benefiting the local community.

Participation Certificate Performance

Basler Kantonalbank's participation certificate (PC) saw a price increase of 2.9% in 2023, contributing to an overall performance of 7.8% for the year. This growth reflects the bank's solid business development and strategic execution. The attractive performance of the PC highlights the bank's ability to generate value for its investors.

Future Outlook

Looking ahead, Basler Kantonalbank aims to continue its profitable growth trajectory by optimizing the client experience, improving IT infrastructure, and enhancing balance sheet management. The bank's strategic focus for 2024 includes further strengthening its equity base and maintaining high standards of profitability, stability, and security. This forward-looking approach ensures that BKB remains well-positioned for future success.