641902 Cantonal banks
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641902 Cantonal banks
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The key characteristic of a cantonal bank is that the canton is the major shareholder. Most cantonal banks operate in all fields of business, although they are particularly strong in the savings and mortgage business. The majority of the cantonal banks continue to profit from an unlimited cantonal guarantee, even though a cantonal guarantee has, since 1999, no longer been regarded as a constitutive feature of a cantonal bank.