BASLER KANTONALBANK Half-yearly Report 2023 -
Abridged Version
About us
Group BKB consists of the parent company and Bank Cler. Since its foundation in 1899, the parent company BKB has been deeply rooted in the Basel region and positions itself for its private clients as the bank of Basel for Basel. BKB operates a total of twelve branches and an SME centre in the city can ton. Asset management ensures a high level of investment ex pertise, from which not only the Private Banking clientèle ben efits. As a universal bank it is active for its corporate and insti tutional clients throughout Northwestern Switzerland. BKB is majority-owned by the Canton of Basel-Stadt and has a state guarantee that is compensated to the Canton. The owner strategy sets the strategic guidelines and requires above-av erage equity capitalisation and liquidity. With an AAA rating from Fitch and an AA+ rating from S&P Global Ratings, BKB is one of the safest banks in Switzerland. Its financial strength or solidity, coupled with deep local roots and client proximity, are the most important unique selling points of BKB. In addition, sustainability in both operations and core business is a central prerequisite for making a positive contribution to the econo my, environment and society in the long term. Fourteen per cent of the equity of CHF 354 million is listed as participation certificates on the SIX Exchange.
With the acquisition of Bank Cler (previously "Bank Coop") in 2000, today Group BKB employs almost 1,400 people and is present in all major cities throughout Switzerland. Bank Cler has a total of 24 branches, divided into three market areas "Central" (seven branches), "South-East" (ten branches) and "French-speaking Switzerland" (seven branches). Thanks to digital services, clients of both banks can also perform the most important banking services independently of time and place. The neobanking app Zak is proof of how easy banking can be. Bank Cler has been making Zak available for everyday banking services for several years and is continuously devel oping it further, including through new functionalities and partner offers. Zak has now successfully established itself as a neobanking service and the number of active users has in creased to over 60,000. Thus, Bank Cler is positioning itself as a fresh, smart and Swiss bank that, with Zak, also appeals to a broad and digitally savvy client segment. With this business model, Bank Cler optimally complements the parent company and contributes to the geographical diversification of income streams within the Group.
The client funds of the Group BKB amount to around CHF 29 billion. Based on the total assets of CHF 55.3 billion, the Group is one of the ten largest banking groups in Switzerland.
Cover image: BKB's natural meadow market in cooperation with BirdLife Switzerland in June 2023 on Meret Oppenheim-Platz in Basel
2 BKB Half-yearly Report 2023 - Abridged Version
Contents
- Management Report
- Facts & Figures
- Business development over the first half of 2023
- Information for investors
- Group BKB - Half-yearly financial statements
- Group BKB - At a glance
- Consolidated balance sheet
- Consolidated income statement
- Consolidated statement of changes in equity
- Parent Company BKB - Half-yearly financial statements
- Parent company BKB - At a glance
- Balance sheet
- Income statement
- Statement of changes in equity
3 BKB Half-yearly Report 2023 - Abridged Version
Management Report
Contents
- Facts & Figures
- Business development over the first half of 2023
- Information for investors
Facts & Figures
49.6 %
cost/income ratio
down from 56.2 % within one year (target value by 2025: max. 55 %)
1.43 %
RWA efficiency
up from 1.11 % since end of 2022 (target value by 2025: min. 1.0 %)
CHF 75.5 million
group net profit
+20.7 % within one year (CHF 62.6 million)
18.4 %
total capital ratio
up from 18.1 % within one year (target value by 2025: min. 16 %)
7.0 %
return on equity
up from 5.4 % within one year (target value by 2025: min. 6 %)
125.5 %
net stable funding ratio
up from 122.4 % since end of 2022 (target value by 2025: min. 110 %)
5 Management Report BKB Half-yearly Report 2023 - Abridged Version
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
BKB - Basler Kantonalbank published this content on 25 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 August 2023 07:33:03 UTC.
