US EditionRadicant Drags Down BLKB’s Operating Profit
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Since the beginning of the year, the position of Chief Financial Officer at the Liechtenstein-based VP Bank has been temporarily occupied. Now a new CFO is coming in autumn. He has been found at the BLKB subsidiary Radicant.
Radicant Drags Down BLKB’s Operating Profit
Basellandschaftliche Kantonalbank (BLKB) saw its operating profit fall sharply in the first half of 2025 due to a 105,5 million francs value adjustment on its digital subsidiary Radicant. However, thanks to the release of banking risk reserves, group net profit increased significantly.
Radicant's subsidiary draws KB to depth: 49 instead of 90 million profits, disbanding reserves. Radicant loses its founder's head, Numarics engulfs. The crisis of Basellandschaftliche Kantonalbank (BLKB) is reflected in figures this morning. The operating profit from January to the end of June has almost halved. From 90 million in 2024 to 49 million in the current year. The meltdown is the [...]
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