Covid-19 credits

On this page you will find information and data related to Covid-19 bridging credits.

Covid-19 bridging credits Overview

The table below provides an overview of Covid-19 credits granted, Covid-19 bridging credits that have been fully repaid to date, the Covid-19 bridging credits with amounts honored to date and, as a result, the Covid-19 bridging credits that are still outstanding. Further information on these figures can be found in the sections of this website below.

 Credit typeNumber of creditsAverage amount
in CHF
Granted credit
volume in CHF
Granted
Covid-19 credits
Covid-19 credits
up to CHF 500'000
136'731101'90713'933'849'756
Covid-19 credit plus1'1332'655'6533'008'855'369
Total137'864122'89416'942'705'125
Fully repaid
Covid-19 credits
Covid-19 credits
up to CHF 500'000
28'508158'4564'517'265'571
Covid-19 credit plus4142'967'3951'228'501'326
Total28'922198'6645'745'766'897
Covid-19 credits
with honored volume
Covid-19 credits
up to CHF 500'000
4'85782'998403'119'330
Covid-19 credit plus61'796'60310'779'616
Total4'86385'112413'898'946

Total current Covid-19 credits

104'079

103'604

10'783'039'282

Note: The figures for Covid-19 credits plus and the respective totals are based on the total amount of credit granted and not only the 85% share guaranteed by the federal government.

Last updated: 18.05.2022

Infographic for download: Covid-19 credits [png]

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Fully repaid Covid-19 bridging credits

The tables below show the fully repaid Covid-19 bridging credits by year and by sector. After a full repayment, the corresponding guarantee organizations are released from the Covid-19 solidarity guarantee by the lenders. Partial repayments without guarantee exoneration are not shown in the table below.

Fully repaid Covid-19 bridging credits by year

 Number of creditsAverage repaid
amount in CHF
Repaid amounts
in CHF
20208'376223'0911'868'610'760
202115'112211'5023'196'217'551
20225'434125'311680'938'587
Total28'922198'6645'745'766'897

Last updated: 18.05.2022

Fully repaid Covid-19 bridging credits by sectors

 Number
of credits
Average repaid
amount in CHF
Repaid amounts
in CHF
Share of the
total repaid
volume
Share of the
sector’s granted
credit volume
Wholesale trade, except of motor vehicles and motorcycles (G46)2'109328'847693'538'44212%42%
Specialised construction activities (F43)2'307200'570462'714'9218%31%
Retail trade, except of motor vehicles and motorcycles (G47)2'521182'415459'868'0418%33%
Human health activities (Q86)2'439148'777362'868'1176%43%
Wholesale and retail trade and repair of motor vehicles and motorcycles (G45)1'167277'072323'343'1696%31%
Food and beverage service activities (I56)2'025100'207202'919'6264%18%
Architectural and engineering activities; technical testing and analysis (M71)1'182167'011197'406'5613%40%
Manufacture of fabricated metal products, except machinery and equipment (C25)607299'022181'506'0983%38%
Computer programming, consultancy and related activities (J62)893184'732164'965'6113%38%
Construction of buildings (F41)577271'389156'591'5453%29%
All other sectors *13'095193'9712'540'044'76644%34%
Total28'922198'6645'745'766'897100%34%

*The Federal Statistical Office (FSO) publishes a list of all sectors (2-digit NOGA codes) on its website.

Last updated: 18.05.2022

Honoring on guarantees under the Covid-19 bridging credits

The following tables provide information on the honoring of guarantees under the Covid-19 bridging loan programme, by year, by banking group and by sector. These are Covid-19 briding loans for which the banks have drawn down the guarantee. With the transfer of the honored amount from the guarantee organisations to the banks, the claims against the borrowers are transferred to the guarantee organisations. The honored amount may differ from the credit volume granted, as the banks only call on the guarantee for the portion of the loan that the borrowers have used. Reported here are the guarantees as reported by the guarantee organisations, which may differ from federal expenditures as stated in the government financial statements due to differences in the timing of the accounting entries.

Honoring on guarantees by year

 Number of creditsAverage honored
amount in CHF
Honored amounts
in CHF
Credit volume
granted in CHF
202066682'58154'999'25062'851'899
20212'89478'581227'414'135246'884'768
20221'30376'12499'190'045104'162'279
Total4'86378'471381'603'430413'898'946

Last updated: 18.05.2022

Honoring on guarantees by banking group

 Number of creditsAverage honored
amount in CHF
Honored amounts
in CHF
Share of the total
honored volume
Big banks *1’64696’284158’484’09542%
Cantonal banks1’18876’07990’382’02224%
PostFinance94857’59454’599’55414%
Raiffeisen banks68368’69446’918’12812%
Other banking institutions39878’44131’219’6308%
Total4’86378’471381’603’430100%

* Credit Suisse and UBS

Last updated: 18.05.2022

Honoring on guarantees by sectors

 Number of creditsAverage honored amount in CHFHonored amounts in CHFShare of the total
honored
volume
Share of the
sector’s granted
credit volume
Specialised construction activities (F43)95676’94873’562’11619%5%
Construction of buildings (F41)36593'33234'066'1899%6%
Food and beverage service activities (I56)67349’06833’022’6329%3%
Wholesale trade, except of motor vehicles
and motorcycles (G46)
265108'61228'782'0568%2%
Retail trade, except of motor vehicles and
motorcycles (G47)
31470’56822’158’4526%2%
Wholesale and retail trade and repair of
motor vehicles and motorcycles (G45)
17285’40414’689’5484%1%
Real estate activities (L68)106110’85511’750’6043%4%
Activities of head offices; management
consultancy activities (M70)
14777’80911’437’8913%4%
Activities auxiliary to financial services and insurance activities (K66)13876’35310’536’7723%6%
Land transport and transport via pipelines (H49)19551’84910’110’6443%2%
All other sectors *1’53285’827131’486’52833%2%
Total4’86378’471381’603’430100%2%

*The Federal Statistical Office (FSO) publishes a list of all sectors (2-digit NOGA codes) on its website.

Last updated: 18.05.2022

Recoveries after honoring guarantees under the Covid-19 bridging credits

The table below provides information on guarantees under the Covid-19 bridging credits honored in the year indicated, for which recoveries have resulted to date. After the guarantee has been honored, the outstanding receivables from the respective Covid-19 bridging credit are transferred from the lending bank to the guarantee organization for receivables management. In the course of the receivables management, the guarantee organizations make all necessary arrangements to recover the outstanding receivables (recoveries).

 Number of
guarantees honored
with recoveries
Recoveries in CHFHonored amounts in CHFShare of recoveries
of amounts honored
20201552'979'91412'020'34125%
20213738'973'25125'070'25536%
202247739'7853'194'37323%
Total57512'692'95040'284'96832%

Last updated: 18.05.2022

Further analyses of the bridging credits granted

The following charts illustrate distributions of granted Covid-19 bridging credits by selected specifications, such as canton or sector. These visualizations provide background knowledge and 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: 07.09.2021

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Graphic for download: Number of credits by canton [png]

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Graphic for download: Credit volume by canton [png]

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Graphic for download: Number of credits by banking group [png]

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Graphic for download: Credit volume by banking group [png]

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Graphic for download: Top 10 banks by number of credits [png]

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Graphic for download: Top 10 banks by credit volume [png]

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Graphic for download: Number of credits by group of economic activities (NOGA section) [png]

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Graphic for download: Credit volume by group of economic activities (NOGA section) [png]

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Graphic for download: Top 10 sectors (NOGA division) by numbers of credits [png]

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Graphic for download: Top 10 sectors (NOGA division) by credit volume (in CHF m) [png]

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Graphic for download: Number of credits by legal form of the company [png]

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Graphic for download: Credit volume by legal form of the company [png]

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Graphic for download: Average credit amount by legal form of the company [png]

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Graphic for download: Number of credits by company size (FTE) [png]

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Graphic for download: Credit volume by company size (FTE) [png]

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Graphic for download: Number of guaranteed credits by guarantee organisation [png]

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Graphic for download: Guaranteed credit volume by guarantee organisation [png]

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The following two figures illustrate the development over time of the granting of Covid-19 bridging credits up to 500’000 Swiss francs and are based on the data of the guarantee organizations.

Last updated: 18.05.2022

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Graphic for download: Total Covid-19 credit agreements, cumulative [png]

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Graphic for download: Total Covid-19 credit agreements per day [png]

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Reports of abuse

The table below contains potential and actual cases of abuse under the Covid-19-Solidarbürgschaftsverordnung (in German) and the Covid-19-Solidarbürgschaftsgesetz (in German). Here you find the concept for the detection and prevention of abuse (in German). The statistics show the cases of which the loan guarantee cooperatives are aware, either because they have filed a criminal complaint themselves or because they have been informed about them by third parties. They are not complete with regard to criminal charges of which the loan guarantee cooperatives are not aware. The statistics are updated on an ongoing basis.

Types of abuse
(all types according to the ordinance)
In clarificationAbuse not confirmedCorrection without filing of criminal complaint
Criminal complaint filed*
Open casesClosed cases
NumberDelinquency amount**NumberDelinquency amount**
Multiple applications (Art. 3, para. 1)3310823876CHF 15'456'35834CHF 3'156'451
Date of foundation (Art. 3, para. 1, a.)3812517714CHF 1'166'4366CHF 154'100
In bankruptcy, estate or liquidation (Art. 3, para. 1, b.)26121626CHF 1'424'86110CHF 1'306'000
Sales information (Art. 7, para. 1)1'5915821'100218CHF 43'873'29951CHF 6'036'467
Support for other emergency regulations (Art. 3, para. 1, d.)0020000
Use of credit in general and replacement investments (Art. 6, para. 1 und 2)11'699131127923CHF 98'842'058235CHF 17'752'494
Use of credit dividends, refinancing, etc. (Art. 6, para. 3)21942961'89343CHF 7'491'2598CHF 914'520
Others2624288272CHF 31'238'10753CHF 4'749'129
Total3'8431'2963'6411'572CHF 199'492'378397CHF 34'069'161

*Including criminal complaints from third parties of which the loan guarantee cooperatives are aware.

**The reported delinquency amount corresponds to the volume of credits at the time they were granted. No account is taken of whether losses have effectively been incurred.

1 As of the commencement of the Covid-19-Solidarbürgschaftsgesetz (Covid-19-SBüG) (in German) on December 19, 2020, the prohibition to carry out new investments in fixed assets that are not replacement investments has been lifted (cf. Art. 27 para. 2 Covid-19-SBüG).

2 As of the commencement of the Covid-19-SBüG on December 19, 2020, already the decision on the payment of dividends is unlawful (cf. Art. 2 para. 2 lit. a Covid-19-SBüG and Official Bulletin: AB 2020 N 2040 of October 30, 2020, and AB 2020 S 1314 f. of December 10, 2020).

Last updated: 18.05.2022

In addition, the statistics from the Money Laundering Reporting Office (MROS) showed all a) reports according to the Money Laundering Act or the Criminal Code, as well as b) the number of complaints filed by MROS with law enforcement agencies (according to Art. 23 para. 4 Money Laundering Act) until the end of 2021. The MROS statistics can show cases that are also included in the above table of abuse reports.

Open cases after criminal complaint per canton

The following table shows the open cases after criminal complaints have been filed of which the loan guarantee cooperatives are aware, either because they filed the criminal complaints themselves or because they were informed about them by third parties. It is not complete with regard to criminal complaints of which the loan guarantee cooperatives have no knowledge. The statistics are updated on an ongoing basis.

CantonCriminal complaint filed: open cases*
NumberDelinquency amount**
AG146CHF 17'842'261
AI2CHF 75'000
AR17CHF 1'363'271
BE108CHF 11'475'213
BL54CHF 7'402'721
BS49CHF 6'250'520
FR48CHF 4'218'475
GE92CHF 11'186'224
GL3CHF 557'300
GR17CHF 1'118'370
JU4CHF 231'000
LU72CHF 13'912'840
NE15CHF 1'427'362
NW10CHF 1'821'400
OW3CHF 690'355
SG63CHF 5'326'138
SH7CHF 742'000
SO40CHF 4'187'770
SZ38CHF 6'287'449
TG28CHF 3'699'146
TI121CHF 13'504'425
UR6CHF 349'640
VD188CHF 24'688'678
VS53CHF 4'562'395
ZG66CHF 13'036'028
ZH322CHF 43'536'397
Total1'572CHF 199'492'378

*Including criminal complaints filed by third parties of which the loan guarantee cooperatives are aware.

**The reported delinquency amount corresponds to the volume of credits at the time they were granted. No account is taken of whether losses have effectively been incurred.

Last updated: 18.05.2022

Closed cases after criminal complaint

Below is a table with the closed cases by type of abuse and a table of guilty verdicts by industry after criminal complaints have been filed. These are criminal complaints of which the loan guarantee cooperatives are aware, either because they filed the criminal complaints themselves or because they have been informed about them by third parties. It is not complete with regard to criminal complaints of which the loan guarantee cooperatives have no knowledge. The statistics are updated on an ongoing basis.

Closed cases by type of abuse

Types of abuse
(all types according to the ordinance)
No criminal proceedings:
Non-prosecution
Criminal proceedings closed
InnocentReparationGuilty
NumberNumberDelinquency amount*NumberDelinquency amount*
Multiple applications (Art. 3, para. 1)137CHF 550'03623CHF 2'462'311
Date of foundation (Art. 3, para. 1, a.)03003CHF 99'100
In bankruptcy, estate or liquidation (Art. 3, para. 1, b.)241CHF 20'0003CHF 92'800
Sales information (Art. 7, para. 1)61310CHF 1'208'19422CHF 3'097'685
Support for other emergency regulations (Art. 3, para. 1, d.)000000
Use of credit in general and replacement investments (Art. 6, para. 1 und 2)1164547CHF 4'885'503127CHF 7'695'994
Use of credit dividends, refinancing, etc. (Art. 6, para. 3)2021CHF 240'0005CHF 414'520
Others31412CHF 2'245'23524CHF 1'245'574
Total288478CHF 9'148'968207CHF 15'107'984

*The reported delinquency amount corresponds to the volume of credits at the time they were granted. No account is taken of whether losses have effectively been incurred.

1 As of the commencement of the Covid-19-Solidarbürgschaftsgesetz (Covid-19-SBüG) (in German) on December 19, 2020, the prohibition to carry out new investments in fixed assets that are not replacement investments has been lifted (cf. Art. 27 para. 2 Covid-19-SBüG).

2 As of the commencement of the Covid-19-SBüG on December 19, 2020, already the decision on the payment of dividends is unlawful (cf. Art. 2 para. 2 lit. a Covid-19-SBüG and Official Bulletin: AB 2020 N 2040 of October 30, 2020, and AB 2020 S 1314 f. of December 10, 2020).

Last updated: 18.05.2022

Guilty verdicts by industry

Criminal proceedings closed:
guilty
NumberDelinquency amount*
Specialised construction activities (F43)41CHF 4’240’857
Land transport and transport via pipelines (H49) Food and beverage service activities (I56)27CHF 2’233’402
Retail trade, except of motor vehicles and motorcycles (G47)13CHF 1’542’260
Other personal service activities (S96)12CHF 587’366
Services to buildings and landscape activities (N81)11CHF 375'277
Activities of head offices; management consultancy activities (M70)10CHF 446'843
Land transport and transport via pipelines (H49) 9CHF 307'300
Wholesale and retail trade and repair of motor vehicles and motorcycles (G45) 8CHF 908'000
Construction of buildings (F41) 7CHF 1’019’082
Wholesale trade, except of motor vehicles and motorcycles (G46) 7CHF 500’285
All other industries**62CHF 2’947’312
Total207CHF 15’107’984

*The reported delinquency amount corresponds to the volume of credits at the time they were granted. No account is taken of whether losses have effectively been incurred.

**The Federal Statistical Office (FSO) publishes a list of all sectors (2-digit NOGA codes) on its website.

Last updated: 18.05.2022

Banks: Participation list, documents and information

Here is a list of the 125 banks that have granted Covid-19 loans.

Bank-specific documents:

Bank-specific information:

Parliamentary initiatives

The following table shows the parliamentary initiatives related to the Covid-19 bridging credits program.

Type of initiativeSubmitted byDate of submissionTitle of the initiative (only in French)
InterpellationNC Michaud Gigon (Grüne)16.03.2022Remboursement des prêts Covid et maisons de recouvrement (22.3189)
Question for Question TimeNC Pirmin Schwander (SVP)01.12.2021Les prêts intragroupes sont-ils autorisés ? (21.8080)
Question for Question TimeNC Samuel Bendahan (SP)15.09.2021Quelles mesures seront prises pour combattre les difficultés du secteur de la Restauration à rembourser les prêts COVID ? (21.7774)
PostulateNC Hans-Peter Portmann (FDP)09.06.2021Entreprises et particuliers se déclarant en faillite pour contourner l’obligation de rembourser un crédit COVID-19 (21.3666)
Question for Question TimeNC Daniela Schneeberger (FDP)09.06.2021Préciser l’art. 2, al. 6, de la loi sur les cautionnements solidaires liés au COVID-19 (21.7556)
Question for Question TimeNC Doris Fiala (FDP)08.06.2021La loi sur les cautionnements solidaires liés au COVID-19 ne doit pas être une entrave aux restructurations (21.7545)
Question for Question TimeNC Daniela Schneeberger (FDP)02.06.2021Loi sur les cautionnements solidaires liés au COVID-19. Garantir la sécurité du droit pour les restructurations (21.7484)

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