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 March 2021

  Single-family houses 55%
  Multi-family houses 16%
  Condominiums 28%
  Properties for commercial use ≤ 30% 1%

Pfandbriefzentrale's cover pool (cover values)
Status as of 31 March 2021

  Single-family houses 43%
  Multi-family houses 37%
  Condominiums 16%
  Properties for commercial use ≤ 30% 4%


Cover pool in figures

Property typesNumberCover value (CHF mil.)
Single-family houses    61'571 37'259
Multi-family houses   17'747 32'426
Condominiums   31'936 13'659
Properties for commercial use ≤ 30%     1'225   3'362
Total 112'479 86'706

Status as of 31 March 2021

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 March 2021

Loan to Value (LTV)

in CHF mil.

Status as of 31 March 2021

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