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Basler Kantonalbank
Basler Kantonalbank

Financial services / Banking and Financial Services

At a Glance | Core Facts | Company Due Diligence | Industry Due Diligence | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Company at a Glance

Overview
Basler Kantonalbank (BKB) is a Swiss regional bank that was founded in 1899. It is headquartered in Basel and is the second largest cantonal bank in Switzerland, serving the Canton of Basel-Stadt. BKB offers a range of banking services, including savings and investment products, mortgage loans, and corporate and private banking services. The bank also has a strong focus on sustainable investments and offers wealth management services for sustainable investments.
BKB is owned by the Canton of Basel-Stadt, with the canton holding the majority of shares in the bank. The bank is governed by a board of directors and an executive board, with overall responsibility for management and operational decisions. BKB has a strong financial position, with a strong credit rating from leading rating agencies.
Aside from its primary operations in Basel, BKB also has a presence in other major Swiss cities such as Zurich, Geneva, and Bern. It also operates internationally through branches and subsidiaries in Hong Kong, Singapore, and Luxembourg. BKB is committed to sustainability and social responsibility, with a focus on supporting local communities and promoting sustainable business practices.
In addition to its banking services, BKB also offers a range of financial and educational resources for the community, including financial planning and debt counseling services, financial literacy workshops, and support for local startups and small businesses.
Overall, BKB is a reputable and well-established regional bank in Switzerland, with a strong focus on sustainable investments and community engagement.
What is special about the company?
1. One of the oldest banks in Switzerland: Basler Kantonalbank (BKB) was founded in 1899 and is one of the oldest banks in Switzerland. It has a long history of serving the local community and has built a strong reputation for stability and reliability.
2. State-owned bank: BKB is owned by the Swiss canton of Basel-Stadt and is the only state-owned bank in Switzerland. This gives the bank a unique position in the Swiss banking sector and sets it apart from other private banks.
3. Focus on regional economy: BKB's mission is to promote the regional economy and support the local community. It offers specialized banking services, such as financing for small and medium-sized enterprises, and supports local development projects.
4. Sustainable and ethical banking: BKB is committed to ethical and sustainable business practices. It has a strict exclusion policy for investments in industries such as tobacco, weapons and environmental degradation.
5. Strong financial performance: BKB has consistently shown strong financial performance and stability, with high levels of capitalization and sound risk management practices. This has earned the bank a strong credit rating from leading rating agencies, such as Moody's and Standard & Poor's.
6. Comprehensive range of products and services: BKB offers a comprehensive range of products and services, including private and commercial banking, wealth management, investment banking, and insurance, making it a one-stop-shop for all financial needs.
7. Digitalization and innovation: BKB is continuously investing in new technologies and digital solutions to improve customer experience and stay ahead of the competition. This includes initiatives such as mobile banking, online trading, and digital advisory services.
8. Social responsibility: BKB is highly committed to giving back to the community and promoting social and cultural activities in the Basel region. It supports numerous charities, foundations, and cultural events, reflecting its strong sense of corporate social responsibility.
9. Strong customer focus: BKB places a strong emphasis on understanding and meeting the needs of its customers. It has a dedicated team of advisors who provide personalized and tailored solutions to help customers achieve their financial goals.
10. International presence: BKB has a strong international presence, with branches in major financial centers such as Zurich, Geneva, and New York. This allows the bank to cater to the needs of international clients and provide access to global markets.
What the company's business model?
The Basler Kantonalbank is a Swiss bank that operates under the business model of a regional and universal bank. This means that the bank focuses on providing financial products and services to both individuals and businesses in the region of Basel, as well as offering traditional banking services such as lending, deposit accounts, and wealth management.
The bank generates revenue primarily through interest income from loans and mortgages, fees from its services, and commissions from investment products. It also offers specialized services such as foreign exchange and trade finance, primarily for corporate clients.
As a regional bank, Basler Kantonalbank places a strong emphasis on building relationships with its local clientele and supporting the economic development of the Basel region. It also offers digital banking solutions and access to financial markets for its clients.
Overall, the bank's business model is focused on providing a range of financial services to its target market while maintaining a strong regional presence and promoting sustainability and economic development in the region.
Interesting facts about the company
1. Basler Kantonalbank (BKB) is one of the 26 cantonal banks in Switzerland, which are owned by the Swiss cantons and governed by their respective governments.
2. BKB was founded in 1899 and is headquartered in Basel, Switzerland.
3. It is the third largest cantonal bank in Switzerland and has a presence in all 26 cantons of the country.
4. BKB offers a wide range of financial services, including banking, asset management, and private equity investments.
5. The bank has a strong focus on sustainability and has been recognized for its efforts in this area. It was one of the first banks in Switzerland to join the UN Principles for Responsible Investment.
6. BKB is also committed to promoting art and culture in its home city of Basel. It has its own art collection and regularly sponsors cultural events.
7. The bank has a strong financial track record and has consistently achieved high ratings from credit rating agencies.
8. BKB is known for its conservative approach to risk management and has avoided getting involved in risky financial products, such as subprime mortgages.
9. In addition to its traditional banking services, BKB has also embraced digitalization and offers a range of online and mobile banking services to its customers.
10. BKB is listed on the Swiss Stock Exchange and is majority-owned by the Canton of Basel-Stadt, with the remainder of shares held by private investors.
11. The bank has a strong presence in the local economy, with a large market share in the canton of Basel-Stadt and a significant role in financing small and medium-sized businesses in the area.
12. BKB has a diverse workforce, with employees from over 50 different nationalities, and is committed to promoting diversity and inclusion within the company.
13. The bank has been recognized for its excellence in customer service and has won multiple awards for its products and services over the years.
14. BKB has a strong commitment to corporate social responsibility and regularly supports various charitable and community-oriented projects and organizations.
15. The bank has a long history in Switzerland and has weathered many economic and political changes over the years. It continues to be a stable and reliable institution in the Swiss financial landscape.
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