Basellandschaftliche Kantonalbank’s (BLKB) profit in the first six months of 2018 slipped 0.3 percent on the year to 52.3 million Swiss francs ($52.3 million), it said in a statement Tuesday. Operating income in the period reached 177.8 million francs, a decline of 2.4 percent, while operating expenses were little changed at 87.6 million francs.

The regional bank’s tie-ups with insurers Basler Versicherung and Anivo, offering clients various real-estate related insurance solutions, bore little fruit in the first half of the year. The bank’s total client assets as of mid-year reached 19.8 billion francs, of which 3.1 billion francs were in managed assets.

Looking ahead the BLKB expects full-year earnings to be slightly below the year-earlier level, with the low interest-rate environment continuing to weigh on its margins, according to the statement.