Luzerner Kantonalbank is the cantonal bank

Cantonal bank

Cantonal banks 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...

 and the dominant retail banking

Retail banking

Retail banking is banking in which banking institutions execute transactions directly with consumers, rather than corporations or other banks. Services offered include: savings and transactional accounts, mortgages, personal loans, debit cards, credit cards, and so forth.-Types of...

 group in the Swiss canton of Lucerne

Canton of Lucerne

Lucerne is a canton of Switzerland. It is located in the centre of Switzerland. The population of the canton is . , the population included 57,268 foreigners, or about 15.8% of the total population. The cantonal capital is Lucerne.-History:...

, with a market share of 50-60%. It is main focus on financing small businesses and personal mortgages in the local economy, the bank has avoided some of the issues facing its larger peers in Switzerland

Switzerland

Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....

and non-performing loans remain at negligible levels.