Cantonal Banks 

 

What is a Swiss Cantonal Bank?   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.   The logo of the cantonal banks, with the motif of the cantonal banks.

What is a Swiss Cantonal Bank?
List of Swiss Cantonal Banks

Full List Banks members SWIFT/BIC in Switzerland

Switzerland: A little country. A great financial centre.
 

List of SWIFT Codes Worldwide

List of correspondent Banks networks worldwide with SWIFT CODE