Basler Kantonalbank (BSKP) H1 2025 earnings summary

Executive summary

• Group net profit rose by 6.7% year-over-year to CHF 85.6 million in the first half of 2025, driven by broad-based earnings growth and efficiency gains.

• Net income from interest activities increased 4.9% to CHF 232.0 million, while commission and service income grew 2.0% to CHF 69.7 million.

• Operating profit improved by 5.0% to CHF 139.1 million, with reserves for general banking risks strengthened by CHF 45.5 million.

• Client growth was robust, with nearly 7,000 new clients, largely due to the Zak app from Bank Cler.

Financial highlights

• Cost income ratio improved to 55.0% from 55.2% year-over-year, meeting the 2025 target.

• Return on equity reached 5.8%, up from 5.7% in the prior year period.

• Total capital ratio stood at 18.4%, well above the 16.0% target.

• Net stable funding ratio was 123.2%, exceeding the 110% target.

• Group total assets slightly decreased by 0.4% to CHF 55.6 billion; mortgage loans fell 0.6% to CHF 33.6 billion.

Outlook and guidance

• The economic and geopolitical environment is expected to remain challenging, with low interest rates as a key factor.

• The new “2026+” strategy will be presented in August 2025, focusing on adapting to dynamic market conditions.

• Management remains cautiously optimistic, aiming to build on the stable earnings base.