ELI5: Explain Like I'm 5

Cantonal bank

A cantonal bank is like a piggy bank that belongs to a whole group of people who live in the same area. The piggy bank has a lot of money in it, and people can go to the piggy bank and take some money out if they need it, like if they want to buy a toy or go on a trip.

The cantonal bank works in the same way. It is a bank that belongs to a whole group of people who live in the same region. It has a lot of money in it, and people can go to the bank and borrow some money if they need it, like if they want to buy a house or start a business.

The money in the cantonal bank mostly comes from the people who put their own money in it, like how you put money in your piggy bank. The bank takes this money and uses it to make even more money, like if your piggy bank magically grew more coins all by itself!

The cantonal bank uses the money it makes to help the people who live in the region. It might give them loans to start businesses or buy homes, or help them save money for things like college or retirement.

Overall, the cantonal bank is like a big piggy bank that helps the people who live in a particular region by lending them money and helping them save their own money to achieve their goals.