Cover pool

The mortgaged properties are valued according to the legal valuation rules and Pfandbriefzentrale's regulations. Lending is limited to a maximum of two-thirds of the properties' loan value. Collateral showing signs of depreciation due to impaired or non-performing loans has to be replaced immediately.

The well-diversified cover pool of residential properties throughout Switzerland includes the following:

 

Pfandbriefzentrale's cover pool (property types)
Status as of 31 December 2023

  Single-family houses 55%
  Multi-family houses 14%
  Condominiums 30%
  Properties for commercial use ≤ 30% 1%

Pfandbriefzentrale's cover pool (cover values)
Status as of 31 December 2023

  Single-family houses 44%
  Multi-family houses 34%
  Condominiums 18%
  Properties for commercial use ≤ 30% 4%


Cover pool in figures

Property types Number Cover value (CHF mil.)
Single-family houses    70'261 45'387
Multi-family houses   18'172 34'863
Condominiums   38'309 18'330
Properties for commercial use ≤ 30%     1'383   4'352
Total 128'125 102'932

Status as of 31 December 2023

Property types (number)
Cover values (CHF)

 

Property types Level 1 Level 2
Single-family houses Cover value ≤ 1'000'000 Cover value > 1'000'000
Multi-family houses Cover value ≤ 3'000'000 Cover value > 3'000'000
Condominiums Cover value ≤ 1'000'000 Cover value > 1'000'000
Properties for commercial use ≤ 30% Cover value ≤ 3'000'000 Cover value > 3'000'000

Status as of 31 December 2023

Loan to Value (LTV)

in CHF mil.

Status as of 31 December 2023

Top