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Nidwaldner Kantonalbank has launched a new photovoltaic system featuring 274 solar modules on its headquarters in Stans, generating approximately 110,000 kilowatt hours of electricity annually, which covers about 12% of the building's energy needs. This initiative is a key part of the bank's sustainability strategy, with Chairman Heinrich Leuthard highlighting it as a significant milestone in their commitment to achieving net-zero greenhouse gas emissions by 2050.
Nidwaldner Kantonalbank has successfully connected to the SIX platform bLink through Inventx, enhancing its digital banking services for corporate clients. This integration allows for automated linking of bank accounts and accounting software via a standardized API, facilitating direct access to account information and payment initiation. The collaboration positions NKB as a leader in open banking among cantonal banks, reflecting its commitment to modernizing customer experiences.
Nidwaldner Kantonalbank achieved a record annual profit of 17.6 million francs, driven by a smoothly running mortgage business. The bank aims to continue its growth trajectory in the coming years.
Nidwaldner Kantonalbank reported a 36% increase in operating profit to CHF 45.8 million for 2024, driven by strong performance in core and investment businesses despite a declining interest margin. Total loans rose by 6.3% to CHF 5.16 billion, while custody assets grew by 15% to CHF 2.76 billion. The bank raised its dividend to CHF 65 per participation certificate and allocated CHF 14.1 million for potential default risks.
Nidwaldner Kantonalbank (NKB) reported a profit increase in 2024, with net operating income rising to CHF 45.8 million and a net profit of CHF 17.6 million, up 4.1%. The canton of Nidwalden will receive a dividend of CHF 10.4 million, reflecting a CHF 0.5 million increase from the previous year. Despite interest rate cuts, customer loans grew by 6.3%, driven by a strong mortgage sector, while the investment business saw a 15% rise in net commission income.
Nidwaldner Kantonalbank (NKB) reported a net profit of CHF 17.6 million for 2024, marking a 4.1% increase, with operating income rising to CHF 45.8 million. The bank achieved significant growth in customer loans and assets under management, while also enhancing its digital services and community support initiatives. A dividend increase to CHF 65 per participation certificate was announced, reflecting the bank's strong financial position and commitment to the Canton of Nidwalden.
Nidwaldner Kantonalbank will adjust its branch counter hours starting January 1, 2025, to enhance personal consultations, now available from 7 a.m. to 7 p.m. The changes aim to provide more time for tailored financial advice, reflecting a shift towards digital services and a decline in over-the-counter transactions.
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Swiss Franc
Nidwaldner Kantonalbank
CHE
Alessandra Keller
Heinrich Leuthard
Simon Zumbach
Daniel Fuhrer
Oliver Durrer
Stefan Portmann
Daniel Bieri
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