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 2024
Pfandbriefzentrale's cover pool (cover values)
Status as of 31 December 2024
Cover pool in figures
| Property types | Number | Cover value (CHF mil.) |
|---|---|---|
| Single-family houses | 76'204 | 49'312 |
| Multi-family houses | 17'680 | 35'334 |
| Condominiums | 40'085 | 20'810 |
| Properties for commercial use ≤ 30% | 1'377 | 4'589 |
| Total | 135'346 | 110'045 |
Status as of 31 December 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 31 December 2024
in CHF mil.
Status as of 31 December 2024