| Loans |
19 Loans
The Group’s loan portfolio is classified into two portfolio segments, consumer loans and corporate & institutional loans. Consumer loans are disaggregated into the classes of mortgages, loans collateralized by securities and consumer finance. Corporate & institutional loans are disaggregated into the classes of real estate, commercial and industrial loans, financial institutions, and governments and public institutions.
For financial reporting purposes, the carrying values of loans and related allowance for credit losses are presented in accordance with US GAAP and are not comparable with the regulatory credit risk exposures presented in our disclosures required under Pillar 3 of the Basel framework.
Loans
|
end of
|
|
2021
|
|
2020
|
|
|
Loans (CHF million)
|
|
Mortgages 1
|
|
110,533
|
|
109,067
|
|
|
Loans collateralized by securities 1
|
|
51,253
|
|
51,028
|
|
|
Consumer finance 1
|
|
5,075
|
|
4,437
|
|
|
Consumer
|
|
166,861
|
|
164,532
|
|
|
Real estate
|
|
28,529
|
|
29,045
|
|
|
Commercial and industrial loans
|
|
69,129
|
|
74,097
|
|
|
Financial institutions 1
|
|
25,222
|
|
22,487
|
|
|
Governments and public institutions
|
|
3,323
|
|
3,378
|
|
|
Corporate & institutional
|
|
126,203
|
|
129,007
|
|
|
Gross loans
|
|
293,064
|
|
293,539
|
|
|
of which held at amortized cost
|
|
282,821
|
|
282,131
|
|
|
of which held at fair value
|
|
10,243
|
|
11,408
|
|
|
Net (unearned income)/deferred expenses
|
|
(81)
|
|
(95)
|
|
|
Allowance for credit losses
|
|
(1,297)
|
|
(1,536)
|
|
|
Net loans
|
|
291,686
|
|
291,908
|
|
|
Gross loans by location
|
|
Switzerland
|
|
167,957
|
|
168,589
|
|
|
Foreign
|
|
125,107
|
|
124,950
|
|
|
Gross loans
|
|
293,064
|
|
293,539
|
|
|
Impaired loans
|
|
Non-performing loans
|
|
1,666
|
|
1,666
|
|
|
Non-interest-earning loans
|
|
298
|
|
375
|
|
|
Non-accrual loans
|
|
1,964
|
|
2,041
|
|
|
Restructured loans
|
|
367
|
|
313
|
|
|
Potential problem loans
|
|
436
|
|
843
|
|
|
Other impaired loans
|
|
803
|
|
1,156
|
|
|
Gross impaired loans 2
|
|
2,767
|
|
3,197
|
|
1
Certain consumer loans have been reclassified to corporate & institutional loans following the application of a look-through approach with regard to beneficial owners. The prior period has been reclassified to conform to the current presentation.
|
2
As of December 31, 2021 and 2020, CHF 130 million and CHF 180 million, respectively, were related to consumer mortgages secured by residential real estate for which formal foreclosure proceedings according to local requirements of the applicable jurisdiction were in process.
|
In accordance with Group policies, impaired loans include non-accrual loans, comprised of non-performing loans and non-interest-earning loans, as well as restructured loans and potential problem loans.
> Refer to “Loans” in Note 1 – Summary of significant accounting policies for further information on loans and categories of impaired loans.
> Refer to “Note 20 – Financial instruments measured at amortized cost and credit losses” for further information on loans held at amortized cost.
|
| Loans |
18 Loans
> Refer to “Note 19 – Loans” in VI – Consolidated financial statements – Credit Suisse Group for further information.
Loans
|
end of
|
|
2021
|
|
2020
|
|
|
Loans (CHF million)
|
|
Mortgages 1
|
|
110,533
|
|
109,067
|
|
|
Loans collateralized by securities 1
|
|
51,253
|
|
51,028
|
|
|
Consumer finance 1
|
|
5,075
|
|
4,437
|
|
|
Consumer
|
|
166,861
|
|
164,532
|
|
|
Real estate
|
|
28,529
|
|
29,045
|
|
|
Commercial and industrial loans
|
|
69,756
|
|
74,700
|
|
|
Financial institutions 1
|
|
33,266
|
|
30,316
|
|
|
Governments and public institutions
|
|
3,323
|
|
3,378
|
|
|
Corporate & institutional
|
|
134,874
|
|
137,439
|
|
|
Gross loans
|
|
301,735
|
|
301,971
|
|
|
of which held at amortized cost
|
|
291,492
|
|
290,563
|
|
|
of which held at fair value
|
|
10,243
|
|
11,408
|
|
|
Net (unearned income)/deferred expenses
|
|
(81)
|
|
(95)
|
|
|
Allowance for credit losses
|
|
(1,296)
|
|
(1,535)
|
|
|
Net loans
|
|
300,358
|
|
300,341
|
|
|
Gross loans by location
|
|
Switzerland
|
|
175,903
|
|
176,312
|
|
|
Foreign
|
|
125,832
|
|
125,659
|
|
|
Gross loans
|
|
301,735
|
|
301,971
|
|
|
Impaired loans
|
|
Non-performing loans
|
|
1,666
|
|
1,666
|
|
|
Non-interest-earning loans
|
|
286
|
|
363
|
|
|
Non-accrual loans
|
|
1,952
|
|
2,029
|
|
|
Restructured loans
|
|
367
|
|
313
|
|
|
Potential problem loans
|
|
436
|
|
843
|
|
|
Other impaired loans
|
|
803
|
|
1,156
|
|
|
Gross impaired loans 2
|
|
2,755
|
|
3,185
|
|
1
Certain consumer loans have been reclassified to corporate & institutional loans following the application of a look-through approach with regard to beneficial owners. The prior period has been reclassified to conform to the current presentation.
|
2
As of December 31, 2021 and 2020, CHF 130 million and CHF 180 million, respectively, were related to consumer mortgages secured by residential real estate for which formal foreclosure proceedings according to local requirements of the applicable jurisdiction were in process.
|
> Refer to “Loans” in Note 1 – Summary of significant accounting policies in VI – Consolidated financial statements – Credit Suisse Group for further information on categories of impaired loans.
> Refer to “Note 19 – Financial instruments measured at amortized cost and credit losses” for further information on loans held at amortized cost.
|