Kantonalbank

A Kantonalbank is a cantonal bank in Switzerland. These are regional banks that are typically owned by the canton they operate in, with the exception of some cantons that have partially or fully privatized their cantonal banks. Kantonalbanks are a significant part of the Swiss banking landscape, often playing a role in regional economic development and providing financial services to individuals and businesses within their respective cantons. They operate under specific cantonal laws and regulations, which can differ from one canton to another. While their primary focus is on their home canton, many Kantonalbanks also engage in business activities beyond their regional borders. They are known for their stability and often hold a strong position in mortgage lending. The legal structure and ownership of Kantonalbanks vary, with some being fully state-owned and others having a mix of public and private shareholders. Their operations are generally conservative and focus on traditional banking services.