Close ties with the financially strong Canton of Schwyz, facilitated by full ownership and a statutory guarantee. Very strong capitalization alongside prudent risk management and dedicated cost efficiency. Leading franchise in home canton with some earnings diversification due to private banking and investment funds business development. Concentration risk in residential mortgage lending in the Canton of Schwyz, accompanied by historically high house prices. Ongoing growth in retail lending, despite the increasingly high level of indebtedness of Swiss households. Still strong reliance on net interest income in the challenging, very-low-interest-rate environment. The stable outlook on Schwyzer Kantonalbank (SZKB) reflects S&P Global Ratings' expectation that the likelihood of support from the Canton of Schwyz-–if ever needed--will remain unchanged in the next two
