Surf Wiki
Save to docs
general/cantonal-banks

From Surf Wiki (app.surf) — the open knowledge base

Cantonal bank

Swiss banking company

Cantonal bank
Summary

Swiss banking company

Logo of the Association of Swiss Cantonal Banks.

The cantonal banks (German: Kantonalbank, French: banque cantonale, Italian: banca cantonale) are 24 Swiss government-owned commercial banks. Most of them were founded between 1834 and 1916, although the Banque cantonale du Jura was founded in 1979, as the canton of Jura was not formed until 1978, by its separation from the Canton of Berne. 21 are provided by the canton in which they are based, with a guarantee for the assets held there.

Description

Traditionally, cantonal banks are especially strong in savings and mortgage products. Currently they are in the process of being partially privatized. The cantonal banks are organised and regulated by the Association of Swiss Cantonal Banks, with its office in Basel.

As a group, the cantonal banks account for about 30% of the banking sector in Switzerland, with a network of over 800 branches and 16 000 employees in Switzerland. In 2021 the consolidated total assets of all cantonal banks were around 750 bln CHF, which is comparable with those of the "Big Banks": UBS and Credit Suisse. Some cantonal banks offer 100% deposit insurance to their clients, whereas Swiss-domiciled banks are insured for a maximum of 100,000 CHF via the esisuisse deposit insurance scheme.

There are 24 cantonal banks, one in each canton of the country, except for the cantons of Appenzell Ausserrhoden, which sold its bank to banking rival UBS, and Solothurn, which privatized its bank in 1995 after a scandal. Each bank uses a distinctive motif as the logo, with a cantonal colour on white used as the colours of the bank, e.g. light blue for Zürcher Kantonalbank (Zurich Cantonal Bank). Despite appearances, cantonal banks are not small private banks: in fact two of them, the Zürcher Kantonalbank and the Banque cantonale vaudoise, are the second and third biggest banks in Switzerland (after UBS).

List of cantonal banks

LogoNameCantonEst.Assets
(CHF
billions)Consolidated
profit
(CHF millions)[[File:Logo Verband Schweizerischer Kantonalbanken.svgframeless120x120px]]Total782.43,644.6
[[File:Zürcher Kantonalbank logo.svgframeless120x120px]]Zürcher KantonalbankZürich1870199.81,058.7
[[File:Banque Cantonale Vaudoise logo.svgframeless120x120px]]Banque cantonale vaudoiseVaud184559.4388.3
[[File:Logo Basler Kantonalbank ab 2016.svggaucheframeless120x120px]]Basler KantonalbankBasel-Stadt189955.2139
[[File:Logo der St. Galler Kantonalbank.svgframeless120x120px]]St. Galler KantonalbankSt. Gallen191540.8183.8
[[File:Logo der Berner Kantonalbank.svggaucheframeless120x120px]]Berner KantonalbankBanque Cantonale BernoiseBern183439.8159.6
[[File:Logo der Luzerner Kantonalbank.svgframeless120x120px]]Luzerner KantonalbankLucerne185057226.6
[[File:Aargauische Kantonalbank logo.svgframeless120x120px]]Aargauische KantonalbankAargau191338.1179
[[File:Logo der BLKB.svgframeless120x120px]]Basellandschaftliche KantonalbankBasel-Landschaft186434.8130
[[File:Logo der Thurgauer Kantonalbank.svgframeless120x120px]]Thurgauer KantonalbankThurgau187133.3147.8
[[File:Logo Graubündner Kantonalbank.svgframeless120x120px]]Graubündner KantonalbankBanca Chantunala GrischunaBanca Cantonale GrigioneGrisons187033.2207.5
[[File:Logo der Genfer Kantonalbank.svgframeless120x120px]]Banque cantonale de GenèveGeneva186130176
[[File:Logo der Schwyzer Kantonalbank.svgframeless120x120px]]Schwyzer KantonalbankSchwyz189023.679.9
[[File:Logo Zuger Kantonalbank.svgframeless120x120px]]Zuger KantonalbankZug189218.697.2
[[File:Logo der Freiburger Kantonalbank.svgframeless120x120px]]Banque cantonale de FribourgFreiburger KantonalbankFribourg189227.3141.1
[[File:Logo der Walliser Kantonalbank.svgframeless120x120px]]Banque cantonale du ValaisWalliser KantonalbankValais191619.372.9
[[File:Logo der Tessiner Kantonalbank.svgframeless120x120px]]Banca dello Stato del Cantone TicinoTicino191518.664.4
[[File:Banque Cantonale Neuchâteloise logo.svgframeless120x120px]]Banque cantonale neuchâteloiseNeuchâtel188311.342.6
[[File:Schaffhauser Kantonalbank 20xx logo.svgframeless120x120px]]Schaffhauser KantonalbankSchaffhausen18839.255.3
[[File:Logo der Glarner Kantonalbank.svgframeless120x120px]]Glarner KantonalbankGlarus18848.625.3
[[File:Logo Nidwaldner Kantonalbank NKB.pngframeless120x120px]]Nidwaldner KantonalbankNidwalden18796.216
[[File:Logo der Obwaldner Kantonalbank.svgframeless120x120px]]Obwaldner KantonalbankObwalden18865.913.8
[[File:Logo der Urner Kantonalbank.svgframeless120x120px]]Urner KantonalbankUri19153.617.1
[[File:Logo Appenzeller Kantonalbank.svggaucheframeless120x120px]]Appenzeller KantonalbankAppenzell Innerrhoden18994.111.9
[[File:Logo Banque Cantonale du Jura.svgframeless120x120px]]Banque cantonale du JuraJura19794.310.2

References

  1. [https://thebanks.eu/bank-categories/cantonal-banks Cantonal Banks]
  2. Nichols, Dustin I., and Mark A. Ziebold. ''Asset Protection Strategies & Forms''. LexisNexis, 16 Nov. 2018, p. 634.
  3. Kraus, Daniel, et al. ''Blockchains, Smart Contracts, Decentralised Autonomous Organisations and the Law''. Cheltenham, Uk ; Northampton, Ma, Edward Elgar Publishing, 2019, p. 206.
  4. Union des Banques Cantonales Suisses. "Bilans et comptes de résultats des Banques Cantonales au 31.12.2022".
Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

cantonal-banks
Want to explore this topic further?

Ask Mako anything about Cantonal bank — get instant answers, deeper analysis, and related topics.

Research with Mako

Free with your Surf account

Content sourced from Wikipedia, available under CC BY-SA 4.0.

This content may have been generated or modified by AI. CloudSurf Software LLC is not responsible for the accuracy, completeness, or reliability of AI-generated content. Always verify important information from primary sources.

Report