Basellandschaftliche Kantonalbank (BLKB) H1 2025 earnings summary

Executive summary

• Achieved solid operational results in H1 2025, with growth in all customer segments and a 4.4% increase in operating income to CHF 239.0 million year-over-year.

• Net profit reached CHF 91.6 million after releasing reserves for general banking risks, despite a lower operating result due to one-off goodwill write-downs related to radicant holding ag.

• Continued expansion in lending, with credit volume up CHF 166.9 million since December 2024, and moderate 0.9% growth in mortgages, focused on the regional market.

• Managed assets increased by CHF 819.0 million (+3.0%), and net new money inflow rose 29% to CHF 632 million year-over-year.

Financial highlights

• Operating income rose 4.4% to CHF 239.0 million compared to H1 2024.

• Net interest income slightly decreased by 0.5% to CHF 168.2 million, while commission income grew 5.0% to CHF 47.1 million.

• Trading income surged 19% to CHF 15.4 million year-over-year.

• Group net profit was CHF 91.6 million, up 36.7% from CHF 67.1 million in H1 2024, mainly due to reserve releases.

• Total assets increased 1.2% to CHF 36.5 billion since year-end 2024.

Outlook and guidance

• Expects full-year 2025 operational performance in line with the previous year and stable, high distributions to certificate holders and the canton.

• Anticipates a return to a lower, potentially negative interest rate environment in Switzerland, with modest but positive economic growth.