Assigment, Mission statement, Approach

Our legal assignment is defined as:

“…to arrange long-term mortgage loans at possibly constant and low interest rates for landowners” (art. 1 PfA).
For this purpose we issue Pfandbriefe^®. We use the proceeds to grant our members loans against mortgage collateral.
Only the two Pfandbrief institutions have the right to issue Pfandbriefe. That’s why they are strictly regulated. The Federal Council has the right to appoint a representative of the mortgage debtors as a member of the administrative board (Art. 37 PfG).

We make a significant contribution to the secure, long-term stable and cost-effective financing of the domestic building stock. As the basis for the population to live and work, it forms a necessary foundation for social peace and prosperity.
We are making a significant contribution to the financial viability of the ongoing transition of the Swiss building stock towards greater energy efficiency and a better greenhouse gas balance. In doing so, we are creating a basic prerequisite for achieving the Swiss electorate’s net-zero target for 2050.
The Pfandbriefbank is the extended arm of the issuing departments and treasuries of its members, who are both our shareholders and our borrowers. For them, it is the most favorable source of refinancing for long-term loans.
Our Pfandbriefe offer investors the opportunity to invest regularly and in considerable volumes in bonds of the very highest credit rating (Aaa/mündelsicher) that are eligible for repo transactions. Investors also value our Pfandbriefe because of their good liquidity on the secondary market.
Pfandbrief institutions are among the few non-public-sector borrowers whose issues belong to the highest credit rating class. Their bonds have a market share in the Swiss bond market for domestic borrowers.
The “Swiss Pfandbrief^®” brand stands for absolutely top investment quality. Swiss Pfandbriefe^® enjoy preferential regulatory treatment.
We fulfill our legal mandate in a resource-conserving and sustainable manner.

Pfandbriefbank is designed for security, stability and longevity. This also includes the sustainable use of our resources. Under the premise of complying with our legal mandate, we create meaningful incentives to achieve the net-zero emissions target for 2050.
For our members, we are an independent, reliable source of refinancing for low-interest loans.
For investors, we are a welcome, regularly issuing, large borrower with standardized and well-established, repo-eligible products of the highest quality and a liquid secondary market
We aim to design and offer our products (Pfandbriefe/loans) and services to be of the highest quality, easy to handle and, as far as possible within the tight legal framework, innovative, market-oriented and flexible.
We invest our own funds primarily with a focus on security and liquidity, and secondarily in a risk/return-optimized manner. We avoid investments in companies with high ESG risks.
Our corporate governance is up to date. As a joint venture with a “self-help character”, we are close to our members, but ensure balanced representation and safeguard our independence from individual members or member groups.
For our employees, we are a progressive, attractive employer that demands a high level of reliability.
A Pfandbriefbank shareholder is a bank because of its access to the capital market.