Mortgage Bond Bank of the Swiss Mortgage Institutions (de: Pfandbriefbank schweizerischer Hypothekarinstitute AG) is one of two institutions allowed to issue mortgage bonds in Switzerland. Mortgage bonds are debt securities used for the long-term financing of senior mortgage loans granted by banks.
Mortgage bond bank of the Swiss mortgage institutions is the 6th largest bank in Switzerland in terms of total assets. In 2014 its total assets were 57 902,74 mln CHF, providing the bank with the market share of 1.56%.
Mortgage bond bank of the Swiss mortgage institutions participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.
Mortgage bond bank of the Swiss mortgage institutions is headquartered in Zürich.
|Bank Category||Institutions with a special field of business|
|Total Assets (2014)||57 902.74 mln CHF (+3.32%)|
|Market Position and Market Share (among banks in Switzerland)|
|Total Assets (2014)||6th (market share 1.56%)|
|Deposit Guarantee||Yes (up to 100 000 CHF per depositor)|
In 2014 total assets of Mortgage bond bank of the Swiss mortgage institutions were 57 902.74 mln CHF. Growth compared to the previous period (2013) was 3.32%. The evolution of the total assets of Mortgage bond bank of the Swiss mortgage institutions is shown at Chart 1 below.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Switzerland are obliged to participate in Swiss deposit guarantee scheme.
In the case of Mortgage bond bank of the Swiss mortgage institutions failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||private individuals, commercial enterprises and public-sector offices|
|Covered Accounts||credit balances (e.g. personal accounts, savings accounts, investment accounts, salary accounts, numbered accounts, deposit accounts and current accounts)|
|Maximum Protected Amount||100 000 CHF|
|Paid In Currency||CHF|
Further Information: Deposit Guarantee Scheme in Switzerland