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Basellandschaftliche Kantonalbank ( (CH:BLKB) ) has shared an announcement.
BLKB has announced a significant value adjustment of 105.5 million CHF on its investment in radicant holding ag due to integration issues and high costs. The bank plans extensive cost reduction measures and changes in governance to address these challenges while maintaining its strategic investment in radicant. Additionally, BLKB is undergoing leadership changes, with both the Bank Council President Thomas Schneider and CEO John Häfelfinger set to leave by 2026. Despite these adjustments, BLKB expects its operational business to remain stable, with unchanged distributions and a strong capital ratio.
More about Basellandschaftliche Kantonalbank
Basellandschaftliche Kantonalbank (BLKB) operates in the banking industry, providing financial services with a focus on private customers and small to medium-sized enterprises (SMEs). The company is committed to digital banking and strategic investments, such as its involvement with radicant holding ag, to ensure long-term growth in the retail and affluent customer markets.
Average Trading Volume: 452
Current Market Cap: CHF520.5M
Find detailed analytics on BLKB stock on TipRanks’ Stock Analysis page.