Very high asset quality
The quality of the Valiant loan portfolio is very high. 97% of our loans (CHF 23.5bn) are covered. 94% of the mortgages are first-tier. The loan-to-value of the mortgage portfolio amounts to 63.0%, and the average residual term stands at a low 3.8 years.
Non-performing loans amount to 0.16% of total loans. Value adjustments for credit risk are 0.20% of total loans (all figures as per 31/12/2017).
Low risk profile
Valiant’s risk profile is low. We are solely active in the retail banking business, with long-term customer relationships in Switzerland. Our main income sources – mortgages and commissions - provide very transparent, stable earnings. There is no proprietary trading.
The low risk profile builds on a restrictive lending policy, a diversified client portfolio, and a successful asset & liability management. Despite a long history of takeovers, there is no goodwill on the balance sheet. The increased lending volumes no not compromise the very high quality of loans.
Find more information about our asset quality and risk profile in our latest investor presentation: