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Basler Kantonalbank
Basler Kantonalbank.
The Group's principal activity is the provision of a variety of
financial services, including mortgage lending, private loans,
securities trading, foreign exchange trading and consultancy. The
Group's geographical segment consists, European union, North America,
Asia and Other.
Basel
SWIFT: BKBBCHBB
Clearing-Nr. 770
Postkonto 40-61-4
SWIFT BKBBCHBB
BIC BKBBCHBBXXX
Postfach, 4002 Basel
Phone: +41 (0) 61 266
33 33
Fax: +41 (0) 61 266 29 59
E-mail: welcome @ bkb.ch
Cantonal banks (German:
Kantonalbank, French: Banque Cantonale, Italian: Banca Cantonale)
are Swiss governmental-owned commercial banks, that use the
canton that they are based in as guarantee for the assets held
there. However, currently they are in process of being partially
privatised. The cantonal banks are organised and regulated by
the Association of Swiss Cantonal Banks, with its office in
Basel.
There are 24 cantonal banks, one in each canton of the country,
except in the cantons of Appenzell Ausserrhoden, who sold its
bank to banking rival UBS, and Solothurn, who privatised 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 what they seem to appear, cantonal banks
are not little private banks, as two of them, Zürcher
Kantonalbank and Banque Cantonale Vaudoise are the third and
fourth biggest banks in Switzerland (after UBS AG and Credit
Suisse) .
As a group, le Groupe des Banques Cantonales amounts for about
30% of the banking sector in Switzerland.
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