Covid-19 credits
The Federal Council and Parliament have provided companies in Switzerland with liquidity relief in order to help with the economic consequences of the coronavirus.
On this page, you will find information and data about COVID-19 credits for companies. To ensure liquidity, companies affected by the COVID-19 crisis were able to take advantage of bridging credits guaranteed by the federal government between March 26th and July 31st.
Number and volume of COVID-19 bridging credits
Companies affected by the COVID-19 crisis were able to apply for bridging credits guaranteed by the federal government between 26 March and 31 July 2020 to ensure their liquidity. The table below shows the total number and volume of credits granted. Any credits that have already been repaid are not included here. All numbers are updated regularly.
| Number | Average amount in CHF | Total in CHF | |
|---|---|---|---|
| COVID-19 credit agreements | 135'650 | 102'000 | 13'900 Mio.* |
| COVID-19 credit plus | 1'130 | 2.7 Mio. | 3'008.2 Mio.** |
| Total | 136'780 | 16’908.2 Mio. |
* Extrapolation from number of credit agreements and average amount
** The amount stated concerns the entire credit amount and not just the 85% guaranteed by the Swiss Confederation
Figures may vary due to legal provisions (Article 11(1) of the COVID-19 Joint and Several Ordinance (COVID-19-Solidarbürgschaftsverordnung)) and as a result of adjustments made after the submission deadline has passed.
Last updated: 20.01.2021
Repaid COVID-19 bridging credits
The table below shows the COVID-19 bridging credits fully repaid by the borrowers. The statistics include the cases of which the organisations have knowledge because they were informed by the banks. It is not exhaustive with regard to those repayments that have already been made without information to the guarantee organisations.
| Number | Total in CHF | |
|---|---|---|
| Total | 6'201 | 1'244'953'661 |
Last updated: 20.01.2021
Honoring on guarantees under the COVID-19 bridging credits
The following table provides information on the honoring of guarantees under the COVID-19 bridging loan programme. These are COVID-19 loans for which the bank has drawn down the guarantee and thus transferred the claim against the borrower to the guarantee organisations.
| Number | Average amount in CHF | Total in CHF | |
|---|---|---|---|
| Total | 1'046 | 80'461 | 84'001'251 |
Last updated: 21.01.2021
Further analyses
The following figures illustrate distributions of COVID-19 bridging credits for companies. They serve to provide background information and are updated at irregular intervals. The figures may therefore differ from the daily actual figures. These visualizations are based on data from the guarantee organizations. In order to exclude any conclusions about individual companies and to guarantee their anonymity, only aggregated data can be made available. Due to rounding, it is possible that the sum of the shares may not be 100%.
Status: 26/08/2020
Graphic for download: Number of credits by canton [png]
Graphic for download: Credit volume by canton [png]
Graphic for download: Number of credits by banking group [png]
Graphic for download: Credit volume by banking group [png]
Graphic for download: Top 10 banks by number of credits [png]
Graphic for download: Top 10 banks by credit volume [png]
Graphic for download: Number of credits by group of economic activities (NOGA section) [png]
Graphic for download: Credit volume by group of economic activities (NOGA section) [png]
Graphic for download: Top 10 sectors (NOGA division) by numbers of credits [png]
Graphic for download: Top 10 sectors (NOGA division) by credit volume (in CHF m) [png]
Graphic for download: Number of credits by legal form of the company [png]
Graphic for download: Credit volume by legal form of the company [png]
Graphic for download: Average credit amount by legal form of the company [png]
Graphic for download: Number of credits by company size (FTE) [png]
Graphic for download: Credit volume by company size (FTE) [png]
Graphic for download: Number of guaranteed credits by guarantee organisation [png]
Graphic for download: Guaranteed credit volume by guarantee organisation [png]
Reports of abuse
The table below contains potential and actual cases of abuse under the Regulation on the granting of credit and joint and several guarantees as a result of the coronavirus. Here you find the concept for the prevention of abuse (in German). The statistic shows the cases of which the guarantee organisations are aware, either because they initiated it themselves or because they were informed by another body that the procedure had been initiated. It is not complete with regard to those cases opened by other bodies without information to the guarantee organisations. The statistic is updated daily.
| Types of abuse (all types according to the ordinance) | In clarification | No cases of abuse | No cases of abuse after correction | Ongoing proceedings | |
| Number | Amount of delinquency * | ||||
| Multiple applications (Art. 3, para. 1) | 60 | 103 | 199 | 75 | CHF 12'105'949 |
| Date of foundation (Art. 3, para. 1, a.) | 63 | 105 | 156 | 5 | CHF 205'500 |
| In bankruptcy, estate or liquidation (Art. 3, para. 1, b.) | 38 | 3 | 7 | 11 | CHF 549'959 |
| Sales information (Art. 7, para. 1) | 2'827 | 130 | 301 | 72 | CHF 10'879'746 |
| Support for other emergency regulations (Art. 3, para. 1, d.) | 1 | 0 | 0 | 0 | 0 |
| Use of credit in general and replacement investments (Art. 6, para. 1 und 2) | 392 | 13 | 17 | 203 | CHF 24'954'603 |
| Use of credit Dividends, refinancing, etc. (Art. 6, para. 3) | 399 | 169 | 676 | 13 | CHF 3‘081'052 |
| Others | 72 | 11 | 21 | 47 | CHF 7'686'478 |
| Total | 3'852 | 534 | 1'377 | 426 | CHF 59'463'287 |
|---|---|---|---|---|---|
*The amount of delinquency reported corresponds to the volume of loans at the time they were granted for which proceedings are under way. It is not taken into account whether part of the money has already been recovered.
Last updated: 21.01.2021
In addition, statistics from the Money Laundering Reporting Office (MROS) show all a) suspicious activity reports in accordance with the Anti-Money Laundering Act or Swiss Criminal Code, as well as b) the number of notifications made by the MROS to law enforcement services (in accordance with Art. 23 Para. 4 of the Anti-Money Laundering Act). The MROS statistics can include cases that are also listed in the table of abuse reports above.
Ongoing cases by canton
The statistics show the ongoing cases of which the organisations are aware, either because they have initiated them themselves or because they have been informed by another authority. It is not complete regarding those cases that are opened and conducted by other instances without information to the guarantee organisations. The statistics are continuously updated.
| Canton | Ongoing proceedings | |
| Number | Amount of delinquency * | |
| AG | 31 | CHF 3'961'200 |
| AI | 0 | 0 |
| AR | 9 | CHF 514'700 |
| BE | 54 | CHF 4'666'662 |
| BL | 19 | CHF 2'143'387 |
| BS | 22 | CHF 3'944'197 |
| FR | 9 | CHF 1'098'775 |
| GE | 7 | CHF 827'586 |
| GL | 2 | CHF 1'000'000 |
| GR | 6 | CHF 329'000 |
| JU | 1 | CHF 98'000 |
| LU | 24 | CHF 4'245'890 |
| NE | 0 | 0 |
| NW | 3 | CHF 447'000 |
| OW | 2 | CHF 510'355 |
| SG | 21 | CHF 1'492'347 |
| SH | 2 | CHF 550'000 |
| SO | 13 | CHF 1'743'663 |
| SZ | 9 | CHF 1'544'180 |
| TG | 4 | CHF 367'000 |
| TI | 3 | CHF 715'000 |
| UR | 3 | CHF 184'000 |
| VD | 53 | CHF 9'391'935 |
| VS | 8 | CHF 734'654 |
| ZG | 17 | CHF 3'931'850 |
| ZH | 104 | CHF 15'021'906 |
| Total | 426 | CHF 59'463'287 |
|---|---|---|
*The amount of delinquency reported corresponds to the volume of loans at the time they were granted for which proceedings are under way. It is not taken into account whether part of the money has already been recovered.
Last updated: 21.01.2021
Legal basis
- Bundesgesetz über Kredite mit Solidarbürgschaft infolge des Coronavirus (german) (18/12/2020)
- Botschaft zu Änderungen des Covid-19-Gesetzes und des Covid-19-Solidarbürgschaftsgesetzes (german) (18/11/2020)
- Botschaft zum Bundesgesetz über Kredite mit Solidarbürgschaft infolge des Coronavirus (german) (18/09/2020)
- Gesetzesentwurf über Kredite mit Solidarbürgschaft infolge des Coronavirus (german) (18/09/2020)
- Erläuternder Bericht der zum Covid-19-Solidarbürgschaftsgesetz (german) (01/07/2020)
- Gesetzestext der Vernehmlassung zum Covid-19-Solidarbürgschaftsgesetz (german) (01/07/2020)
- Joint guarantees emergency ordinance (25/03/2020)
- Explanatory notes to the emergency ordinance (14/04/2020)
Media releases
- Media release of 13/01/2021:
Coronavirus: Bund baut Unterstützung über das Härtefallprogramm aus - Media release of 18/11/2020:
Coronavirus: Federal Council adjusts COVID-19 support measures to second wave - Media release of 18/09/2020:
Coronavirus: Federal Council adopts dispatch on new Joint and Several Guarantee Act - Media release of 01/07/2020:
Coronavirus: Emergency ordinance on COVID-19 credits to be incorporated into ordinary law - Media release of 15/05/2020:
COVID-19 Kredite: Konzept zur Missbrauchsbekämpfung verabschiedet (with first version of the audit concept for preventing abuse) - Media release of 03/04/2020:
Federal Council increases volume of liquidity assistance guarantees to CHF 40 billion - Media release of 25/03/2020:
Coronavirus: Federal Council adopts emergency ordinance on granting of credits with joint and several federal guarantees - Media release of 20/03/2020:
Coronavirus: Massnahmenpaket zur Abfederung der wirtschaftlichen Folgen
Other information
- Stellungnahmen aus der Vernehmlassung zum Covid-19-Solidarbürgschaftsgesetz (german)
- Current version of the audit concept for preventing abuse (german) (23/06/2020)
- COVID-19 bridging relief: FAQ
- COVID-19 bridging relief: further information
- Process graphic ” COVID-19 credit”
- Process graphic “COVID-19 plus credit”
- Fuhrer, Lucas Marc/Ramelet, Marc-Antoine/Tenhofen, Jörn (2020). Firms’ participation in the COVID-19 loan programme, SNB Working Papers No. 25/2020, Swiss National Bank.
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