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 30 September 2024
Pfandbriefzentrale's cover pool (cover values)
Status as of 30 September 2024
Cover pool in figures
| Property types | Number | Cover value (CHF mil.) |
|---|---|---|
| Single-family houses | 72'870 | 47'048 |
| Multi-family houses | 17'806 | 35'211 |
| Condominiums | 38'011 | 19'514 |
| Properties for commercial use ≤ 30% | 1'383 | 4'593 |
| Total | 130'070 | 106'366 |
Status as of 30 September 2024
| 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 30 September 2024
in CHF mil.
Status as of 30 September 2024