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 2019

  Single-family houses 55%
  Multi-family houses 18%
  Condominiums 26%
  Properties for commercial use ≤ 30% 1%

Pfandbriefzentrale's cover pool (cover values)
Status as of 31 December 2019

  Single-family houses 42%
  Multi-family houses 40%
  Condominiums 14%
  Properties for commercial use ≤ 30% 4%


Cover pool in figures

Property typesNumberCover value (CHF mil.)
Single-family houses 53'978 32'319
Multi-family houses 17'422 31'115
Condominiums 25'995 10'924
Properties for commercial use ≤ 30%   1'094   2'877
Total 98'489 77'235

Status as of 31 December 2019

Property types (number)
Cover values (CHF)

 

Property typesLevel 1Level 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 2019

Loan to Value (LTV)

in CHF mil.

Status as of 31 December 2019

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