Loan book

The proceeds from the bonds taken up by the market are passed on to the 24 Swiss cantonal banks in the form of loans. The cantonal banks not only hold the Pfandbriefzentrale's entire share capital but are also the sole borrowers. 21 cantonal banks also have an unlimited state guarantee from their canton for their commitments. All the cantonal banks have a good or very good credit rating.

The composition of the mortgage-covered loan book is as follows (amounts in CHF million):

CHF 11'323 Zürcher Kantonalbank
CHF 6'278 Berner Kantonalbank
CHF 5'876 Luzerner Kantonalbank
CHF 5'588 Banque Cantonale Vaudoise
CHF 4'411 Thurgauer Kantonalbank
CHF 4'122 St. Galler Kantonalbank
CHF 3'897 Banque Cantonale de Fribourg
CHF 3'691 Banque Cantonale de Genève
CHF 3'367 Basler Kantonalbank
CHF 2'962 Basellandschaftliche Kantonalbank
CHF 2'210 Banque Cantonale Neuchâteloise
CHF 2'170 Graubündner Kantonalbank
CHF 1'961 Banca dello Stato del Cantone Ticino
CHF 1'827 Banque Cantonale du Valais
CHF 1'677 Aargauische Kantonalbank
CHF 1'511 Schwyzer Kantonalbank
CHF 1'488 Zuger Kantonalbank
CHF 1'050 Nidwaldner Kantonalbank
CHF 831 Banque Cantonale du Jura
CHF 763 Schaffhauser Kantonalbank
CHF 675 Glarner Kantonalbank
CHF 660 Urner Kantonalbank
CHF 502 Obwaldner Kantonalbank
CHF 425 Appenzeller Kantonalbank
CHF 69'265 Total

Status as of 20 July 2021

Top