Basellandschaftliche Kantonalbank (BLKB) H2 2025 earnings summary

Executive summary

• Achieved strong operational performance in 2025, with growth in key revenue streams despite a significant one-time effect from the exit of radicant.

• Maintained high payout levels to the canton and certificate holders, demonstrating financial stability.

• Governance strengthened and strategic decisions made, including the orderly liquidation of radicant.

Financial highlights

• Group operating income rose 4.6% year-over-year to CHF 499.1 million.

• Group net profit declined 7.1% to CHF 154.5 million due to a one-off charge from radicant exit.

• Net interest income reached CHF 362.4 million, up 6.0% year-over-year, aided by releases of loan loss provisions.

• Commission and service income increased 5.6% to CHF 97.4 million; trading income up 11% to CHF 32.3 million.

• Net new money inflow totaled CHF 726 million; assets under management rose 6.1% to CHF 29.3 billion.

Outlook and guidance

• Expects a slightly weaker business performance in 2026 (excluding one-off effects) due to the changed interest rate environment.

• Sees stable economic growth in Switzerland with low inflation, but notes geopolitical risks as the main uncertainty.

• Successors for the CEO and board chair positions to be elected in the coming weeks.