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 2022
Pfandbriefzentrale's cover pool (cover values)
Status as of 31 December 2022
Cover pool in figures
| Property types | Number | Cover value (CHF mil.) |
|---|---|---|
| Single-family houses | 67'610 | 42'358 |
| Multi-family houses | 18'218 | 33'616 |
| Condominiums | 36'215 | 16'372 |
| Properties for commercial use ≤ 30% | 1'346 | 3'641 |
| Total | 123'389 | 95'987 |
Status as of 31 December 2022
| 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 2022
in CHF mil.
Status as of 31 December 2022