Basellandschaftliche Kantonalbank (BLKB) H2 2024 earnings summary

Executive summary

• Achieved strong financial results in 2024, with significant growth in all business areas and continued investment in digitalization, advisory competence, and product development.

• Maintained a robust capital base and received excellent ratings, including AA+ from Standard & Poor's and AA in MSCI ESG Rating.

• Marked the 160th anniversary with high customer engagement and regional events, reinforcing commitment to the region.

Financial highlights

• Consolidated net profit increased by 9.1% year-over-year to CHF 166.4 million.

• Operating income rose by 4% to CHF 477.1 million compared to the previous year.

• Return on equity was 7.05%, and the cost-income ratio remained low at 52.98%.

• Customer assets under management grew to CHF 27.7 billion, with net new money of CHF 898.9 million.

• Dividend per certificate increased by 5% to CHF 42, and payout to the canton rose by 6% to CHF 72.8 million.

Outlook and guidance

• Cautiously optimistic outlook for 2025, expecting continued high demand for financing and a business performance comparable to 2024.

• Anticipates ongoing challenges in refinancing credit growth due to market conditions.