Pfandbrief bank for Swiss mortgage institutions
| Pfandbriefbank Schweizerischer Hypothekarinstitute AG | |
|---|---|
|
|
| Country |
 Switzerland
|
| Seat | Zurich |
| legal form | Corporation |
| IID | 8787 |
| founding | 1930 |
| Website | www.pfandbriefbank.ch |
| Business data | |
| Total assets | 74.9 billion CHF (Dec. 31, 2019) |
| Employee | 8, part-time adjusted 6.8 |
| management | |
| Corporate management |
Dr. Robert Horat |
The Pfandbriefbank AG Swiss Mortgage is one of the two Swiss mortgage bond institutions. It was founded in 1930 and is based in Zurich .
Legal basis
The Swiss Pfandbrief Act forms the legal basis for the Pfandbriefbank. This restricts the right to issue Pfandbriefe to two institutions whose activities are restricted to issuing Pfandbriefe. The other is the Pfandbrief headquarters of the Swiss cantonal banks .
According to the Pfandbrief Act, the purpose of the Pfandbriefbank schweizerischer Hypothekarinstitute AG is "... to provide landowners with long-term mortgage loans at the lowest possible interest rate."
Field of activity
In order to fulfill its legal mandate, the Pfandbriefbank issues Swiss Pfandbriefe ® and grants its members loans against mortgage cover to help finance the mortgage business . As of the end of 2019, the Pfandbriefbank had outstanding Swiss Pfandbriefe ® with a total value of 72.8 billion Swiss francs with an average interest rate of 0.974%.
The issues of Pfandbriefbank schweizerischer Hypothekarinstitute AG have an Aaa rating from the rating agency Moody's .
As of the end of 2019, regional banks and savings banks with 40.0%, Raiffeisen banks with 21.7%, big banks with 17.9%, other banks with 16.8%, foreign-controlled banks with 3.4% and stock exchange banks had a stake in Pfandbriefbank at the end of 2019 0.2% (classification of bank groups according to the SNB ).
Significant shareholders with more than 5% of the voting rights:
- Migros Bank AG
- Valiant Bank AG
- New Aargauer Bank AG
- Credit Suisse (Switzerland) AG
- UBS Switzerland AG
Web links
Individual evidence
- ↑ Entry in the bank master data of Swiss Interbank Clearing
Coordinates: 47 ° 24 '39.4 " N , 8 ° 32' 40.9" E ; CH1903: 683,477 / 251,714