Cantonal bank

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.

Traditionally, cantonal banks are especially strong in savings and mortgage products.

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.