Basler Kantonalbank (BSKP) H2 2024 earnings summary

Executive summary

• Achieved a group net profit of CHF 186.3 million, up 10% year-over-year, with a stable business result of CHF 275.2 million and a cost-income ratio of 54.8%.

• Balance sheet grew by 6.1% to CHF 55.9 billion; customer loans and deposits increased, with a focus on sustainable and profitable growth.

• Dividend per participation certificate increased to CHF 4.50, including a special anniversary dividend; total payout to the canton Basel-Stadt reached CHF 137.2 million.

• CEO transition announced: Regula Berger to succeed Basil Heeb as of March 2025.

Financial highlights

• Net profit: CHF 186.3 million (+10.0% year-over-year).

• Business result: CHF 275.2 million (stable vs. prior year).

• Cost-income ratio: 54.8% (previous year: 52.5%).

• Return on equity: 5.9% (previous year: 6.1%).

• Total capital ratio: 18.5% (previous year: 18.7%).

• Customer loans: CHF 37.0 billion (+1.8%).

• Customer deposits: CHF 30.1 billion (+7.3%).

• Sustainable investments: CHF 2.1 billion (61% of total volume).

Outlook and guidance

• Management expects to maintain strong performance in 2025 despite geopolitical and economic uncertainties.

• Strategic focus on customer orientation, efficiency, and sustainability will continue, with new strategy development for 2026+ underway.