On November 10, 2026, the cantonal government enacted the new ownership strategy for Glarner Kantonalbank, according to a statement issued on Friday. The proven guiding principles will remain in place. At the same time, it takes account of changed conditions and future requirements.

The main objectives of the ownership strategy valid until now, dating from 2008, have been achieved, the statement continues. These include, for example, the conversion into a special statutory corporation and opening up to additional capital providers.

The canton will retain its majority stake in GLKB and the state guarantee. At the same time, the clear separation between owner responsibility and corporate management will remain intact.

Unchanged mandate

The bank's mandate is also confirmed, and with it its position as a long-term oriented universal bank. "At the center are banking services tailored to the needs of the population and businesses of the canton of Glarus," the cantonal government writes. As a significant employer, the bank also contributes to the development of the local economic and living environment.

Strengthening risk-bearing capacity

The risk-bearing capacity of GLKB is to be further strengthened, the statement says. Its equity base should be expanded through its own earning power. "The canton supports this by expecting a steady, non-maximized dividend policy." Particular attention should be paid to capital adequacy and liquidity in the interests of the guaranteeing canton.

Sustainability remains a central element

A central element of Glarner Kantonalbank's business activities will remain sustainable and responsible conduct. In doing so, it should take economic, social and environmental aspects into account and support the canton's climate policy goals.