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
136'738101'77013'915'809'036
Covid-19 credit plus1'1332'649'3813'001'749'029
Total137'871122'70616'917'558'065
Fully repaid
Covid-19 credits
Covid-19 credits
up to CHF 500'000
33'652152'8665'144'250'577
Covid-19 credit plus4833'136'6191'514'986'906
Total34'135195'0856'659'237'483
Covid-19 credits
with honored volume
Covid-19 credits
up to CHF 500'000
9'38174'796701'657'762
Covid-19 credit plus121'239'63514'875'616
Total9'39376'284716'533'378

Total current Covid-19 credits

94'343

101'139

9'541'787'204

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: 25.01.2023

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
20208'389222'8841'869'775'050
202115'119211'5493'198'416'436
202210'385150'4961'562'901'155
2023242116'30128'144'843
Total34'135195'0856'659'237'483

Last updated: 25.01.2023

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)2'412320'281772'518'72112%46%
Retail trade, except of motor vehicles and motorcycles (G47)2'954178'962528'652'7358%39%
Specialised construction activities (F43)2'676192'257514'480'8498%34%
Human health activities (Q86)2'809156'022438'264'9727%52%
Wholesale and retail trade and repair of motor vehicles and motorcycles (G45)1'363276'925377'448'8096%36%
Food and beverage service activities (I56)2'57897'104250'335'2814%22%
Architectural and engineering activities; technical testing and analysis (M71)1'352163'155220'585'9963%45%
Manufacture of fabricated metal products, except machinery and equipment (C25)699294'854206'102'9473%43%
Computer programming, consultancy and related activities (J62)1'017180'798183'871'1783%43%
Construction of buildings (F41)684263'426180'183'4003%33%
All other sectors *15'591191'5722'986'792'59543%40%
Total34'135195'0856'659'237'483100%39%

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

Last updated: 25.01.2023

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
20212'89878'501227'497'264246'966'168
20225'48765'852361'329'466378'260'352
202334277'74326'510'25228'454'960
Total9'39371'373670'336'232716'533'378

Last updated: 25.01.2023

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 *3'18983'652266'765'46540%
Cantonal banks2'18571'510156'178'88923%
PostFinance1'85655'670103'323'69015%
Raiffeisen banks1'35662'00584'079'38513%
Other banking institutions80774'33659'988'8019%
Total9'39371'373670'336'232100%

* Credit Suisse and UBS

Last updated: 25.01.2023

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)1'65675'565125'134'84119%8%
Food and beverage service activities (I56)1'30545'91559'919'2539%5%
Construction of buildings (F41)59893'01455'622'1798%10%
Wholesale trade, except of motor vehicles
and motorcycles (G46)
523104'11154'450'0798%3%
Retail trade, except of motor vehicles and
motorcycles (G47)
69061'35942'337'3786%3%
Wholesale and retail trade and repair of
motor vehicles and motorcycles (G45)
34880'20027'909'7694%3%
Activities of head offices; management
consultancy activities (M70)
32367'62121'841'4243%7%
Land transport and transport via pipelines (H49)26675'11619'980'8583%11%
Real estate activities (L68)21886'96718'958'8153%6%
Activities auxiliary to financial services and insurance activities (K66)40345'55418'358'3323%4%
All other sectors *3'06273'750225'823'30434%3%
Total9'39271'373670'336'232100%4%

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

Last updated: 25.01.2023

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
20201874'772'32615'850'90530%
202155113'772'65639'238'37035%
20224044'350'29726'193'31917%
2023742'101720'3546%
Total1'14922'937'38082'002'94828%

Last updated: 25.01.2023

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: 25.01.2023

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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)4010322878CHF 15'553'09236CHF 3'394'317
Date of foundation (Art. 3, para. 1, a.)3412717412CHF 1'102'6009CHF 252'136
In bankruptcy, estate or liquidation (Art. 3, para. 1, b.)25122122CHF 1'335'86117CHF 1'481'000
Sales information (Art. 7, para. 1)8041'0411'490253CHF 50'837'04485CHF 10'443'635
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)12'9792262191'227CHF 119'611'375359CHF 26'991'697
Use of credit dividends, refinancing, etc. (Art. 6, para. 3)22873111'98253CHF 9'079'19315CHF 1'584'564
Others42557114296CHF 34'871'07296CHF 7'770'684
Total4'5961'8774'2301'942CHF 232'435'237617CHF 51'918'033

*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: 25.01.2023

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**
AG194CHF 20'937'058
AI3CHF 95'000
AR21CHF 2'210'026
BE131CHF 13'569'999
BL77CHF 9'791'130
BS69CHF 9'465'556
FR71CHF 5'510'324
GE95CHF 11'425'891
GL6CHF 675'500
GR19CHF 1'126'478
JU3CHF 173'000
LU83CHF 14'937'397
NE12CHF 1'069'747
NW10CHF 1'800'900
OW4CHF 705'355
SG100CHF 7'754'981
SH9CHF 911'000
SO54CHF 4'844'035
SZ46CHF 6'906'771
TG38CHF 4'617'946
TI100CHF 11'402'539
UR7CHF 387'640
VD235CHF 30'164'691
VS47CHF 4'095'797
ZG91CHF 16'061'473
ZH417CHF 51'795'003
Total1'942CHF 232'435'237

*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: 25.01.2023

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)137CHF 604'93625CHF 2'645'277
Date of foundation (Art. 3, para. 1, a.)03006CHF 197'136
In bankruptcy, estate or liquidation (Art. 3, para. 1, b.)252CHF 62'9008CHF 200'900
Sales information (Art. 7, para. 1)82215CHF 1'577'04740CHF 5'976'500
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)1237164CHF 6'050'877201CHF 14'307'052
Use of credit dividends, refinancing, etc. (Art. 6, para. 3)2154CHF 485'6245CHF 414'520
Others52828CHF 3'388'04235CHF 2'025'074
Total40137120CHF 12'169'426320CHF 25'766'459

*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: 25.01.2023

Closed cases by canton

CantonCriminal complaint filed: closed cases
NumberDelinquency amount*
AG28CHF 1'628'175
AI00
AR7CHF 421'000
BE41CHF 2'999'510
BL5CHF 949'800
BS38CHF 2'985'025
FR10CHF 364'800
GE51CHF 5'845'962
GL1CHF 500'000
GR11CHF 1'010'970
JU2CHF 68'000
LU35CHF 4'321'041
NE4CHF 387'615
NW4CHF 719'000
OW3CHF 85'000
SG41CHF 2'110'570
SH1CHF 500'000
SO24CHF 1'838'185
SZ19CHF 2'370'091
TG11CHF 473'000
TI31CHF 2'771'386
UR00
VD40CHF 2'361'891
VS25CHF 1'487'938
ZG14CHF 2'232'600
ZH171CHF 13'486'474
Total617CHF 51'918'033

*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: 25.01.2023

Guilty verdicts by industry

Criminal proceedings closed:
guilty
NumberDelinquency amount*
Specialised construction activities (F43)68CHF 6'590'301
Food and beverage service activities (I56)40CHF 2'814'653
Retail trade, except of motor vehicles and motorcycles (G47)23CHF 1'938'796
Services to buildings and landscape activities (N81)16CHF 618'247
Construction of buildings (F41) 15CHF 1'447'996
Other personal service activities (S96)15CHF 687'490
Wholesale and retail trade and repair of motor vehicles and motorcycles (G45) 13CHF 1'719'966
Activities of head offices; management consultancy activities (M70)12CHF 811'843
Land transport and transport via pipelines (H49) 12CHF 542'300
Wholesale trade, except of motor vehicles and motorcycles (G46) 10CHF 652'691
All other industries**96CHF 7'942'176
Total320CHF 25'766'459

*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: 25.01.2023

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)

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