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.

Covid-19 bridging credits overview

 Credit typeNumber of creditsAverage amount
in CHF
Granted credit
volume in CHF
Granted
Covid-19 credits
Covid-19 credits
up to CHF 500'000
136'737101'77913'916'960'720
Covid-19 credit plus1'1332'648'8873'001'189'029
Total137'870122'71116'918'149'749
Fully repaid
Covid-19 credits
Covid-19 credits
up to CHF 500'000
38'586148'0465'712'521'825
Covid-19 credit plus5343'066'7291'637'633'044
Total39'120187'8877'350'154'869
Covid-19 credits
with honored volume
Covid-19 credits
up to CHF 500'000
10'94473'120800'226'808
Covid-19 credit plus182'501'87645'033'763
Total10'96277'108845'260'571

Total current Covid-19 credits

87'788

99'361

8'722'734'309

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: 24.05.2023

Covid-19 bridging credits overview by canton

CantonGranted Covid-19 creditsFully repaid Covid-19 creditsCovid-19 credits with honored volume
NumberAmount granted in CHFNumberAmount granted in CHFNumberAmount granted in CHFAmount honored in CHF
AG7'944949'836'4992'325403'163'72871155'713'66052'754'472
AI18924'103'9619817'301'66216953'072919'832
AR72386'733'17021745'582'829855'051'4924'835'415
BE12'2231'572'158'4423'675730'982'09884452'411'06548'034'886
BL3'607436'556'8231'102192'045'48729728'323'55625'821'742
BS3'376486'188'907828177'255'39438852'477'36843'866'798
FR4'768575'436'2181'503264'003'97034125'694'48524'538'549
GE10'9081'366'545'3972'470520'323'67095877'915'72471'489'020
GL45374'918'35112343'290'522392'308'8082'241'960
GR3'229388'940'2441'078173'230'6151707'527'6536'947'025
JU1'245157'031'40832281'912'672743'832'1803'714'098
LU5'415737'712'2311'748360'308'51047736'143'60832'688'727
NE2'743321'726'003909157'705'09716011'122'73910'492'996
NW64081'646'55123242'499'747513'884'7963'792'854
OW51073'668'07616126'979'956343'455'1003'059'956
SG6'556803'487'4821'982392'806'97853230'696'37328'544'806
SH1'071125'134'89534655'399'039552'450'3872'149'891
SO3'344387'786'825923183'746'00732719'492'50418'465'560
SZ3'035369'717'305969145'762'20925123'154'76721'414'229
TG3'428429'604'472938180'086'65326519'142'89318'281'542
TI12'5711'368'864'1333'125546'921'50879648'944'86748'526'892
UR31459'844'33710517'947'742283'482'9332'728'459
VD15'5561'808'842'7954'191759'075'2371'14286'721'67979'735'486
VS6'433703'645'5871'989298'405'02335019'935'25018'881'613
ZG4'223648'363'0571'355277'699'56946754'079'02850'319'514
ZH23'3662'879'656'5806'4061'255'718'9472'104170'344'585157'359'220
Total137’87016'918'149'74939'1207'350'154'86910’962845'260'571781'635'542

Last updated: 24.05.2023

Infographic for download: Covid-19 credits [png]

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Partially repaid Covid-19 bridging credits

The table below provides an overview of the amortisation payments made, e.g. the portion of the Covid-19 bridging credits partially repaid by the borrowers as the result of an amortisation plan. In accordance with Art. 11 of the Covid-19-Solidarbürgschaftsgesetzes (in German), the lenders are to inform the loan guarantee cooperatives biannually (at the end of March and at the end of September, respectively) as to the current state of the amortisations. The concrete form that the amortisation plan takes is determined by the company and the banks.

Amortisation payments made as of 30.09.2022
Portion of outstanding credits as of 30.09.2022
NumberVolume in CHFNumberVolume in CHF
Amortisation payments made89'2241'214'127'86590.8%12.2%

Last updated: September 2022

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
20208'387222'9321'869'733'050
202115'117211'5753'198'373'436
202211'571152'2861'762'103'921
20234'045128'540519'944'462
Total39'120187'8877'350'154'869

Last updated: 24.05.2023

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)2'712306'485831'186'07711%50%
Retail trade, except of motor vehicles and motorcycles (G47)3'431168'644578'616'6448%42%
Specialised construction activities (F43)3'014186'460561'991'5408%37%
Human health activities (Q86)3'159147'950467'375'4696%56%
Wholesale and retail trade and repair of motor vehicles and motorcycles (G45)1'572262'108412'034'1766%40%
Food and beverage service activities (I56)3'11197'799304'252'0044%27%
Architectural and engineering activities; technical testing and analysis (M71)1'506160'091241'096'4123%49%
Manufacture of fabricated metal products, except machinery and equipment (C25)773292'112225'802'5173%47%
Construction of buildings (I55)1'057198'833210'166'3153%41%
Computer programming, consultancy and related activities (J62)1'154174'077200'885'1793%47%
All other sectors *17'631188'120
3'316'748'53645%45%
Total39'120187'8877'350'154'869100%43%

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

Last updated: 24.05.2023

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
20212'89878'506227'509'634246'966'168
20225'48565'866361'275'551378'193'352
20231'91372'173137'851'106157'249'153
Total10'96271'324781'635'542845'260'571

Last updated: 24.05.2023

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 *3'80685'939326'912'99342%
Cantonal banks2'50770'148175'791'70222%
PostFinance2'22553'148118'254'56415%
Raiffeisen banks1'51561'62993'368'26712%
Other banking institutions90974'04667'308'0169%
Total10'96271'324781'635'542100%

* Credit Suisse and UBS

Last updated: 24.05.2023

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)1'85274'516138'003'72818%9%
Wholesale trade, except of motor vehicles
and motorcycles (G46)
623123'17376'736'79710%5%
Food and beverage service activities (I56)1'52845'24469'132'6439%6%
Construction of buildings (F41)66593'36562'088'0488%11%
Retail trade, except of motor vehicles and
motorcycles (G47)
82266'35954'547'1877%4%
Wholesale and retail trade and repair of
motor vehicles and motorcycles (G45)
39181'92432'032'2394%3%
Activities of head offices; management
consultancy activities (M70)
37565'66024'622'5263%8%
Real estate activities (L68)25492'75623'559'9913%8%
Activities auxiliary to financial services and insurance activities (K66)30073'40622'021'7803%12%
Land transport and transport via pipelines (H49)49542'17820'878'1043%5%
All other sectors *3'65770'553258'012'50032%3%
Total10'96271'324781'635'542100%5%

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

Last updated: 24.05.2023

Receivables management after honoring of guarantees under the Covid-19 bridging credits

The following table provides information on the receivables management of the honored guarantees under the Covid-19 bridging credits. 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 take all necessary precautions to recover outstanding receivables (recoveries). The receivables management is discontinued if either the entire outstanding amount has been recovered or no further recoveries are possible (uncollectible receivables). In the case of uncollectible receivables, a distinction is made between guarantees for which it was possible to recover part of the amount honored (partial loss) and those for which it was not possible to generate any recoveries (total loss). Reasons for incurring uncollectible receivables after honoring guarantees under the Covid-19 bridging credits are: The borrower is a dissolved or bankrupt corporation. The borrower is deceased.1

Overview of receivables management

Number Amount granted
in CHF
Amount honored
in CHF
Recoveries
in CHF
Uncollectible
amounts receivable
in CHF 2
Receivables
management
discontinued
with ​recoveries
(100% repaid) 3
18111'737'1318’831'2288’838'8870
with ​recoveries
(partial loss)
31023'375'58721'655'7332'497'63519'158'099
without ​recoveries
(total loss)
85646'873'22141’417'408041'417'408
Total cases
with discontinued receivables
management
1'34781'985'93971'904'37011'336'52260'575'507
Receivables management ongoing9'615763'274'632709'731'17216'273'6280
Total10'962845'260'571781'635'54227'610'15060'575'507

Last updated: 24.05.2023

1 In cases of bankruptcy and decease, uncollectible receivables may arise due to a lack of assets or because a loss certificate issued to the guarantee organization cannot be further managed.

2 The uncollectible receivables amounts are calculated from the honored guarantee volume less the recoveries.

3 In cases of abuse under the Covid-19-Solidarbürgschaftsverordnung and the Covid-19-Solidarbürgschaftsgesetz, recoveries can exceed the amount honored due to interests on late payments and damage interests.

Receivables management: recoveries by year

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.

 Number of
guarantees honored
with recoveries
Recoveries in CHFHonored amounts in CHFShare of recoveries
of amounts honored
20201924'977'53016'224'91231%
202159714'940'97342'300'30335%
20226306'977'06337'807'29918%
2023103714'5835'942'17512%
Total1'52227'610'150102'274'68927%

Last updated: 24.05.2023

Federal provisions

The table below provides an overview of the honoring of guarantees expected in the future. These estimates are updated annually. As of the end of 2022, the federal government has recognised provisions for CHF 1.1 billion for future honoring of guarantees until the end of the programme. Actual losses can only be determined after the end of the bridging loan programme and after the completion of the receivables management (see also: Recoveries after honoring guarantees under the Covid-19 bridging credits).

 Federal provisions for future honoring of guaranteesPortion of the outstanding loan volume
as of the end of the year
20221.1 billion11.4%

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: 24.05.2023

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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)3710122577CHF 15'034'14243CHF 4'455'267
Date of foundation (Art. 3, para. 1, a.)2312917717CHF 1'203'79810CHF 261'136
In bankruptcy, estate or liquidation (Art. 3, para. 1, b.)19132324CHF 1'492'16119CHF 1'572'700
Sales information (Art. 7, para. 1)7431'0491'534280CHF 58'483'096110CHF 13'641'013
Support for other emergency regulations (Art. 3, para. 1, d.)2021CHF 45'00000
Use of credit in general and replacement investments (Art. 6, para. 1 und 2)13'2812743551'383CHF 135'094'346448CHF 32'706'008
Use of credit dividends, refinancing, etc. (Art. 6, para. 3)23123192'13060CHF 9'595'69319CHF 2'251'764
Others43280136308CHF 36'537'889116CHF 9'419'308
Total4'8491'9654'5822'150CHF 257'486'125765CHF 64'1307'196

*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: 24.05.2023

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

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.

Open cases after criminal complaint per canton

CantonCriminal complaint filed: open cases*
NumberDelinquency amount**
AG212CHF 22'505'672
AI2CHF 75'000
AR21CHF 1'920'026
BE153CHF 15'497'316
BL84CHF 12'097'453
BS84CHF 12'263'135
FR78CHF 6'594'124
GE142CHF 17'709'874
GL7CHF 690'500
GR24CHF 1'435'968
JU4CHF 223'000
LU93CHF 16'061'889
NE14CHF 1'563'975
NW13CHF 2'100'900
OW5CHF 815'355
SG101CHF 7'583'446
SH9CHF 911'000
SO52CHF 5'369'975
SZ46CHF 6'755'286
TG41CHF 5'141'946
TI98CHF 11'346'835
UR6CHF 376'640
VD259CHF 31'240'042
VS40CHF 3'759'297
ZG102CHF 16'281'909
ZH460CHF 57'165'562
Total2'150CHF 257'486'125

*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: 24.05.2023

Closed cases after criminal complaint

Below is a table with the closed cases by type of abus, by canton 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)129CHF 704'93630CHF 3'606'227
Date of foundation (Art. 3, para. 1, a.)13006CHF 197'136
In bankruptcy, estate or liquidation (Art. 3, para. 1, b.)252CHF 62'90010CHF 292'600
Sales information (Art. 7, para. 1)82720CHF 1'892'54755CHF 7'749'078
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)1238986CHF 8'161'971248CHF 16'737'326
Use of credit dividends, refinancing, etc. (Art. 6, para. 3)2264CHF 485'6247CHF 484'520
Others53536CHF 4'393'04240CHF 2'335'638
Total42167157CHF 15'701'020396CHF 31'402'525

*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: 24.05.2023

Closed cases by canton

CantonCriminal complaint filed: closed cases
NumberDelinquency amount*
AG33CHF 2'194'275
AI2CHF 34'000
AR8CHF 911'000
BE48CHF 3'496'510
BL8CHF 1'043'600
BS43CHF 3'340'925
FR17CHF 648'000
GE86CHF 8'834'122
GL1CHF 500'000
GR10 CHF 790'970
JU2CHF 68'000
LU41CHF 5'196'215
NE7CHF 478'387
NW4CHF 719'000
OW3CHF 85'000
SG48CHF 2'588'058
SH1CHF 500'000
SO33CHF 2'552'245
SZ22CHF 2'602'591
TG12CHF 533'000
TI38CHF 3'044'229
UR00
VD52CHF 3'977'607
VS33CHF 1'874'438
ZG22CHF 3'402'850
ZH191CHF 14'892'174
Total765CHF 64'307'196

*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: 24.05.2023

Guilty verdicts by industry

Criminal proceedings closed:
guilty
NumberDelinquency amount*
Specialised construction activities (F43)85CHF 7’543’893
Food and beverage service activities (I56)50CHF 3’371'753
Retail trade, except of motor vehicles and motorcycles (G47)27CHF 2’352’796
Construction of buildings (F41) 26CHF 2’343'968
Services to buildings and landscape activities (N81)22CHF 1’166’247
Land transport and transport via pipelines (H49) 17CHF 829’300
Other personal service activities (S96)16CHF 1'137'490
Wholesale and retail trade and repair of motor vehicles and motorcycles (G45) 14CHF 1’664’966
Activities of head offices; management consultancy activities (M70)14CHF 1'187'693
Wholesale trade, except of motor vehicles and motorcycles (G46) 14CHF 843'553
All other industries**111CHF 8’960'866
Total396CHF 31’402'525

*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: 24.05.2023

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 German or French)
Question for Question TimeNC Maja Riniker (FDP)29.11.2022Anzahl Konkurse trotz Covid-19-Überbrückungskrediten (22.7876)
Question for Question TimeNC Thomas Aeschi (SVP)14.09.2022Remboursement des crédits transitoires COVID-19. Point de la situation (22.7726)
Question for Question TimeNC Lars Guggisberg (SVP)13.09.2022Remboursement des dettes du covid (22.7594)
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)

Media contact

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