Central mortgage bond institute of the Swiss cantonal banks

Central mortgage bond institute of the Swiss cantonal banks (de: Pfandbriefzentrale der schweizerischen Kantonalbanken AG, fr: Centrale de lettres de gage des banques cantonales suisses SA) 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. Central mortgage bond institute is a joint venture of Swiss cantonal banks.

Bank Category

Institutions with a special field of business

Financials

Total Assets (2014)
39 779.45 mln CHF  (+13.05%)

Central mortgage bond institute of the Swiss cantonal banks is the 9th largest bank in Switzerland in terms of total assets. In 2014 its total assets were 39 779,45 mln CHF, providing the bank with the market share of 1.07%.

Central mortgage bond institute of the Swiss cantonal banks participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.

Contacts

Zürich, Switzerland

Central mortgage bond institute of the Swiss cantonal banks is headquartered in Zürich.

Founded
1931

Financial Positions

Total Assets (2014)
39 779.45 mln CHF  (+13.05%)

In 2014 total assets of Central mortgage bond institute of the Swiss cantonal banks were 39 779.45 mln CHF. Growth compared to the previous period (2013) was 13.05%. The evolution of the total assets of Central mortgage bond institute of the Swiss cantonal banks is shown at Chart 1 below.

Total Assets of Central mortgage bond institute of the Swiss cantonal banks.

Chart 1. Total Assets of Central mortgage bond institute of the Swiss cantonal banks.

Market Share and Rank (among banks in Switzerland)

Total Assets (2014)
9th (market share 1.07%)

In 2014 Central mortgage bond institute of the Swiss cantonal banks was ranked the 9th largest bank in Switzerland in terms of total assets, having 1.07% of the domestic market share.

Market share of Central mortgage bond institute of the Swiss cantonal banks (among banks in Switzerland)

Chart 2. Market share of Central mortgage bond institute of the Swiss cantonal banks (among banks in Switzerland)

Several banks having the market shares and ranks closest to Central mortgage bond institute of the Swiss cantonal banks are shown below.

RankNameTotal AssetsMarket Share
10 Migros Bank AG40846.36 mln CHF1.38%
9 Central mortgage bond institute of the Swiss cantonal banks39779.45 mln CHF1.07%
14 Banque Pictet & Cie SA34143.72 mln CHF0.98%
 

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 CHF per depositor)

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 Central mortgage bond institute of the Swiss cantonal banks 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)
Covered Currencies  all
Maximum Protected Amount  100 000 CHF
Paid In Currency  CHF

Further Information