The Glarner Kantonalbank (GLKB) and the insurance company Pax have expanded their cooperation. The Swiss financial institution now offers an innovative product for mortgage customers. Customers who have taken out a mortgage via the GLKB Hypomat platform can now supplement this with new insurance from Pax. This expansion aims to better secure mortgages and provide customers with added value.
Financial development
The GLKB share has been stable in the last few trading days. With a current price of EUR 22.45 and a market capitalization of EUR 303.1 million, the bank remains an important player in the Swiss financial sector. The dividend yield of 5.09% forecast for 2024 underlines the attractiveness of the stock for investors interested in regular distributions.
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