The following Banking & Finance guidance note Produced in partnership with Schellenberg Wittmer AG provides comprehensive and up to date legal information covering:
According to statistical data which the Swiss National Bank published for November 2019, banks licensed in Switzerland provided credit facilities amounting to some CHF 1,214,000 million (amounts utilised) and CHF 1,507,000 million (amounts committed), respectively, to borrowers incorporated or resident in Switzerland. Some CHF 1,035,000 million were utilised mortgage loans. Commercial loan amounts have increased slowly but constantly over the last few years. This trend is likely to continue, in particular, for loans granted to individuals and small- and mid-cap corporate borrowers.
In particular, the Swiss market for syndicated lending transactions significantly increased during the last 20 years. Commitment amounts in the high three-digit millions were not uncommon during the peak years before 2008. The financial crisis, the strict capital base requirements of Basel III and the strong Swiss Franc somewhat slowed down the appetite of Swiss banks for granting large loans. Recently, in particular, Swiss-based syndicates are facing increasing competition from foreign arrangers of syndicated loans and managers of high-yield bond issues, particularly for large Swiss corporate borrowers and issuers as well as from private funds offering unitranche financings mainly to mid-cap corporate borrowers. 2019 was a particularly strong year for the Swiss
**excludes LexisPSL Practice Compliance, Practice Management and Risk and Compliance. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
Take a free trial
0330 161 1234