Information on the balance sheet

1. Securities financing transactions (assets and liabilities)

 

Current year in 1,000 CHF

Previous year in 1,000 CHF

Book value of receivables from cash collateral delivered in connection with securities borrowing and reverse repurchase transactions 1

51,372

13,205

Book value of obligations from cash collateral received in connection with securities lending and repurchase transactions 1

1,758,179

2,514,987

Book value of securities lent in connection with securities lending or delivered as collateral in connection with securities borrowing, as well as securities in own portfolio transferred in connection with repurchase agreements

1,865,788

2,580,400

with unrestricted right to resell or pledge

1,865,788

2,580,400

Fair value of securities received and serving as collateral in connection with securities lending or securities borrowed in connection with securities borrowing, as well as securities received in connection with reverse repurchase agreements with an unrestricted right to resell or repledge

185,189

151,456

of which, repledged securities

of which, resold securities

133,799

138,207

1 Before netting agreements

2. Collateral for loans/receivables and off-balance-sheet transactions, as well as impaired loans/receivables

 

Mortgage cover in 1,000 CHF

Other cover in 1,000 CHF

Without cover in 1,000 CHF

Total in 1,000 CHF

Loans (before netting with value adjustments)

 

 

 

 

Amounts due to customers

396,066

106,348

1,948,151

2,450,565

Mortgage loans

9,870,963

3,423

9,874,386

Residential property

8,542,786

1,905

8,544,691

Office and business premises

283,992

24

284,016

Trade and industry

667,280

667,280

Other

376,906

1,494

378,400

Total loans (before netting with value adjustments)

 

 

 

 

Current year

10,267,029

106,348

1,951,574

12,324,951

Previous year

9,515,624

230,821

1,667,774

11,414,219

Total loans (after netting with value adjustments)

 

 

 

 

Current year

10,267,029

106,348

1,938,993

12,312,370

Previous year

9,515,624

230,821

1,649,704

11,396,149

Off-balance-sheet transactions

 

 

 

 

Contingent liabilities

1,763

20,202

3,184,990

3,206,955

Irrevocable commitments

962,509

31,917

1,212,618

2,207,045

Obligations to pay up shares and make further contributions

19,985

19,985

Total off-balance-sheet transactions

 

 

 

 

Current year

964,272

52,120

4,417,594

5,433,985

Previous year

710,506

3,031,584

1,830,526

5,572,616

 

Gross amount borrowed in 1,000 CHF

Estimated proceeds from realisation of collateral in 1,000 CHF

Net amount borrowed in 1,000 CHF

Individual provisions in 1,000 CHF

Impaired loans

 

 

 

 

Current year

24,460

11,716

12,743

12,581

Previous year

73,227

52,693

20,533

18,070

The difference between the net amount borrowed and the provisions is attributable to the fact that prudent estimates have been made of the amounts Raiffeisen expects to receive based on the creditworthiness of individual borrowers.

3. Trading portfolio assets

 

Current year in 1,000 CHF

Previous year in 1,000 CHF

Assets

 

 

Debt securities, money market securities / transactions

621,728

701,104

stock exchange listed 1

621,728

701,104

Equity securities

237,586

141,102

Precious metals

443,095

415,321

Other trading portfolio assets

23,461

24,906

Total assets

1,325,870

1,282,433

of which determined using a valuation model

of which, securities eligible for repo transactions in accordance with liquidity requirements

432,247

308,443

 

Current year in 1,000 CHF

Previous year in 1,000 CHF

Liabilities

 

 

Debt securities, money market securities / transactions 2

131,456

137,332

stock exchange listed 1

131,456

137,332

Equity securities 2

1,209

863

Precious metals 2

Other trading portfolio liabilities 2

1,133

13

Total liabilities

133,799

138,207

of which, determined using a valuation model

1 Stock exchange listed = traded on a recognised stock exchange

2 For short positions (booked using the trade date accounting principle)

4. Derivative financial instruments (assets and liabilities)

4.1 Derivative financial instruments by contract type

 

Trading instruments

Hedging instruments

 

Positive contract replacement value in 1,000 CHF

Negative contract replacement value in 1,000 CHF

Contract volume in 1,000 CHF

Positive contract replacement value in 1,000 CHF

Negative contract replacement value in 1,000 CHF

Contract volume in 1,000 CHF

Interest rate instruments

 

 

 

 

 

 

Forward contracts incl. FRAs

215

171

4,400,000

Swaps

321,719

350,111

40,138,113

574,308

646,444

34,825,200

Futures contracts

1,464,385

Options (OTC)

1,336

1,336

66,095

Options (exchange traded)

Total interest rate instruments

323,271

351,619

46,068,593

574,308

646,444

34,825,200

Foreign currencies

 

 

 

 

 

 

Forward contracts

403,226

389,422

53,498,573

130,815

18,848

4,187,874

Comb. interest rate/currency swaps

263

10,063

Futures contracts

Options (OTC)

9,418

8,091

1,156,980

Options (exchange traded)

Total foreign currencies

412,908

397,513

54,665,616

130,815

18,848

4,187,874

Precious metals

 

 

 

 

 

 

Forward contracts

12,390

24,641

1,431,639

Swaps

Futures contracts

33,266

Options (OTC)

25,746

19,148

2,490,518

Options (exchange traded)

Total precious metals

38,135

43,789

3,955,424

Equities and indices

 

 

 

 

 

 

Forward contracts

Swaps

Futures contracts

248,795

Options (OTC)

106,962

106,962

3,210,407

188

92,581

Options (exchange traded)

558

170

12,525

Total equities and indices

107,519

107,132

3,471,727

188

92,581

Credit derivatives

 

 

 

 

 

 

Credit default swaps

17,377

17,377

625,219

Total return swaps

First-to-default swaps

Other credit derivatives

Total credit derivatives

17,377

17,377

625,219

Other

 

 

 

 

 

 

Forward contracts

Swaps

Futures contracts

Options (OTC)

27,884

27,884

414,216

Options (exchange traded)

Total other

27,884

27,884

414,216

Total

 

 

 

 

 

 

Current year

927,094

945,314

109,200,794

705,122

665,480

39,105,655

of which determined using a valuation model

926,537

945,144

705,122

665,480

Previous year

847,620

811,208

89,223,107

757,371

1,014,105

43,748,454

of which determined using a valuation model

844,724

811,107

757,371

1,014,105

4.2 Derivative financial instruments by counterparty and time remaining to maturity

 

Positive contract replacement value in 1,000 CHF

Negative contract replacement value in 1,000 CHF

Contract volume up to 1 year in 1,000 CHF

Contract volume 1 to 5 years in 1,000 CHF

Contract volume over 5 years in 1,000 CHF

Contract volume total in 1,000 CHF

Central clearing houses

114,603

45,785

7,522,500

8,620,300

8,649,550

24,792,350

Raiffeisen banks 1

103

196

25,499

406

25,905

Banks and securities dealers

1,404,178

1,466,871

76,327,316

27,331,211

13,001,725

116,660,252

Stock exchanges

558

170

1,758,971

1,758,971

Other customers

112,774

97,771

3,436,732

1,154,085

478,154

5,068,971

Total

 

 

 

 

 

 

Current year

1,632,217

1,610,794

89,071,018

37,106,002

22,129,429

148,306,449

Previous year

1,604,991

1,825,313

71,752,589

38,766,494

22,452,478

132,971,561

1 Primarily for clients’ needs

No netting contracts are used to report the replacement values.

Quality of counterparties

Banks/securities dealers: Derivative transactions were conducted primarily with counterparties with a very good credit rating; 83.8% of the positive replacement values are open with counterparties with an upper-medium grade or better rating (Moody’s) or with a comparable rating.

Clients: In transactions with clients, the required margins were secured by assets or free credit lines.

5. Financial investments

5.1 Breakdown of financial investments

 

Book value current year in 1,000 CHF

Book value previous year in 1,000 CHF

Fair value current year in 1,000 CHF

Fair value previous year in 1,000 CHF

Financial assets

 

 

 

 

Debt instruments

6,237,724

6,277,256

6,450,762

6,534,259

of which intended to be held until maturity

6,237,724

6,277,256

6,450,762

6,534,259

of which, not intended to be held to maturity (available for sale)

Equities

70,867

319,234

72,976

332,097

of which qualified participations 1

Precious metals

Real estate

Total financial assets

6,308,591

6,596,490

6,523,739

6,866,356

of which securities for repo transactions in line with liquidity requirements

6,187,537

6,244,732

1 At least 10% of the capital or the votes

5.2 Breakdown of counterparties by rating

 

Book value Very safe investment in 1,000 CHF

Book value Safe investment in 1,000 CHF

Book value Average to good investment in 1,000 CHF

Book value Speculative to highly speculative investment in 1,000 CHF

Book value Highest-risk investment/default in 1,000 CHF

Book value Unrated investment in 1,000 CHF

Debt securities

6,187,537

50,187

Ratings are assigned based on Moody’s rating classes. The Raiffeisen Group uses the ratings of all three major international rating agencies.

6. Participations

 

Purchase price in 1,000 CHF

Accumulated value ad- justments in 1,000 CHF

Book value at end of previous year in 1,000 CHF

Current-year transfers/ reclassi- fications in 1,000 CHF

Current-year invest- ment in 1,000 CHF

Current-year disinvest- ment in 1,000 CHF

Current-year value ad- justments in 1,000 CHF

Current-year Reversals in 1,000 CHF

Book value at end of current year in 1,000 CHF

Market value at end of current year in 1,000 CHF

Participations Group companies

639,613

-996

638,617

5,000

-1,238

996

643,374

– with market value

– without market value

639,613

-996

638,617

5,000

-1,238

996

643,374

Other participations

694,441

-89,807

604,633

5,390

-191,521

-5,954

15

412,564

281,322

– with market value

446,424

-85,005

361,419

-127,574

233,845

281,322

– without market value

248,017

-4,802

243,214

5,390

-63,946

-5,954

15

178,719

Total participations

1,334,053

-90,803

1,243,250

10,390

-191,521

-7,192

1,011

1,055,938

281,322

7. Tangible fixed assets

7.1 Tangible fixed assets

 

Purchase price in 1,000 CHF

Cumulative depreci- ation/amorti- sation in 1,000 CHF

Book value at end of previous year in 1,000 CHF

Current-year transfers/ reclassi- fications in 1,000 CHF

Current-year invest- ment in 1,000 CHF

Current-year disinvest- ment in 1,000 CHF

Current-year depreci- ation/amortisation in 1,000 CHF

Current-year Reversals in 1,000 CHF

Book value at end of current year in 1,000 CHF

Bank buildings

280,755

-116,632

164,123

8,769

-22,250

-5,440

145,202

Other real estate

14,077

-4,777

9,300

-255

9,045

Proprietary or separately acquired software

158,565

-120,514

38,051

8,359

-37,628

8,782

Other tangible fixed assets

199,611

-161,959

37,652

14,586

-35

-19,911

32,292

Total tangible assets

653,008

-403,882

249,126

31,714

-22,285

-63,234

195,321

7.2 Operating leases

 

Current year in 1,000 CHF

Previous year in 1,000 CHF

Non-recognised lease commitments

 

 

Due within 12 months

2,378

2,342

Due within 1 to 5 years

3,150

3,279

Due after 5 years

Total non-recognised lease commitments

5,528

5,621

of which obligations that can be terminated within one year

5,528

5,621

8. Intangible assets

 

Purchase price in 1,000 CHF

Cumulative depreci- ation/amorti- sation in 1,000 CHF

Book value at end of previous year in 1,000 CHF

Current-year invest- ment in 1,000 CHF

Current-year disinvest- ment in 1,000 CHF

Current-year depreci- ation/amortisation in 1,000 CHF

Book value at end of current year in 1,000 CHF

Other intangible assets

25,000

-6,855

18,145

-7,143

-4,349

6,653

Total intangible assets

25,000

-6,855

18,145

-7,143

-4,349

6,653

9. Other assets and liabilities

 

Current year in 1,000 CHF

Previous year in 1,000 CHF

Other assets

 

 

Equalisation account

15,735

187,163

Settlement accounts for indirect taxes

643,414

299,318

Other settlement accounts

126,310

125,826

Commodities

2,938

4,448

Miscellaneous other assets

0

0

Total other assets

788,398

616,755

Other liabilities

 

 

Due, unredeemed coupons and debt instruments

25

32

Levies, indirect taxes

27,517

24,822

Solidarity fund

332,389

328,581

of which open guarantees to Raiffeisen banks

259

259

Other settlement accounts

98,203

79,795

Miscellaneous other liabilities

265

192

Total other liabilities

458,400

433,423

10. Disclosure of assets pledged or assigned to secure own commitments and of assets under reservation of ownership1

 

Current-year book values in 1,000 CHF

Current year Effective commitments in 1,000 CHF

Previous-year book values in 1,000 CHF

Previous year Effective commitments in 1,000 CHF

Pledged/assigned assets

 

 

 

 

Amounts due from Raiffeisen banks

Amounts due from other banks

376,039

376,039

445,845

445,845

Mortgage loans

2,977,236

1,974,335

2,879,905

1,909,960

Financial investments

1,233,075

477,515

984,418

233,705

Total pledged assets

4,586,350

2,827,889

4,310,168

2,589,509

Total assets under reservation of ownership

1 Without securities financing transactions (see separate presentation of the securities financing transactions in note 1)

11. Pension schemes

All employees of Raiffeisen Switzerland are covered by the Raiffeisen Pension Fund Cooperative. The normal retirement age is set at 65. Members have the option of taking early retirement from the age of 58 with a corresponding reduction in benefits. The Raiffeisen Pension Fund Cooperative covers at least the mandatory benefits under Swiss occupational pension law. The Raiffeisen Employer Foundation manages the individual employer contribution reserves of the Raiffeisen banks and the companies of the Raiffeisen Group.

11.1 Liabilities relating to own pension schemes

 

Current year in 1,000 CHF

Previous year in 1,000 CHF

Amounts due in respect of customer deposits

51,242

120,704

Negative replacement values of derivative financial instruments

4,345

3,527

Bonds

40,000

40,000

Accrued expenses and deferred income

543

543

Total liabilities to own social insurance institutions

96,130

164,775

11.2 Employer contribution reserves in the Raiffeisen Employer Foundation

 

Current year in 1,000 CHF

Previous year in 1,000 CHF

As at 1 January

8,274

7,449

+ Deposits 1

5,000

2,506

– Withdrawals 1

1,727

1,700

+ Interest paid 2

16

20

As at 31 December

11,563

8,274

1 Contributions and payments are included in personnel expenditure.

2 Interest paid on the employer contribution reserves is recorded as interest income.

The employer contribution reserves correspond to the nominal value as calculated by the pension plan. They are not reported.

11.3 Economic benefit/obligation and retirement benefit expenditure

According to the latest audited annual report (in accordance with Swiss GAAP FER 26) of the Raiffeisen Pension Fund Cooperative, the coverage ratio is:

 

As at 31.12.2017 in %

As at 31.12.2016 in %

Raiffeisen Pension Fund Cooperative

116.1

110.8

The fluctuation reserve of Raiffeisen Pension Fund Cooperative's pension scheme slightly exceeded the level set out in the regulations as at 31 December 2017. The Delegate Meeting of Raiffeisen Pension Fund Cooperative decides how the resulting uncommitted funds will be used. The Board of Directors of Raiffeisen Switzerland assumes that, despite this surplus cover, no economic benefits will accrue to the employer until further notice; instead, the benefits are to be used to benefit pension plan members.

Pension expenditure is explained under "Contribution to staff pension plans" in note 26 "Personnel expenses".

12. Issued structured products

 

Book value

 

 

Valued as a whole

Valued separately

 

 

Booked in trading portfolio in 1,000 CHF

Booked in other financial instruments at fair value in 1,000 CHF

Value of the host instrument in 1,000 CHF

Value of the derivative in 1,000 CHF

Total in 1,000 CHF

Underlying risk of the embedded derivative

 

 

 

 

 

Interest rate instruments

2,189

54

2,243

With own debenture component (oDC)

2,189

54

2,243

Without oDC

Equity securities

1,316,006

2,137

1,318,143

With own debenture component (oDC)

1,316,006

-12,165

1,303,841

Without oDC

14,302

14,302

Foreign currencies

1

-1

0

With own debenture component (oDC)

1

-1

0

Without oDC

Commodities/precious metals

97,689

15,724

113,413

With own debenture component (oDC)

97,689

15,724

113,413

Without oDC

Credit derivatives

204,794

-1,314

203,480

With own debenture component (oDC)

204,794

-1,314

203,480

Without oDC

Total

1,620,679

16,599

1,637,279

In the case of issued structured products that include a debt security, the derivative is split from the underlying contract and valued and presented separately. Underlying instruments are recognised at their nominal value in "Bonds and central mortgage institution loans". The derivative components of the products are recognised at market value in "Positive replacement values of derivative financial instruments" and "Negative replacement values of derivative financial instruments".

13. Bond issues and central mortgage institution loans

 

Year of issue

Interest rate

 

Maturity

Early termination possibility

Bond principal in 1,000 CHF

 

Non-subordinated own bonds

2010

2.000

 

21.09.2023

250,000

 

 

2011

2.125

 

04.02.2019

249,580

 

 

2011

2.625

 

04.02.2026

150,000

 

 

2011

2.375

 

10.05.2018

150,000

 

 

2014

1.625

 

07.02.2022

100,000

 

 

2014

0.000

1

05.06.2018

225,000

 

 

2016

0.000

 

17.09.2020

50,000

 

 

2016

0.300

 

22.04.2025

375,000

 

 

2016

0.750

 

22.04.2031

79,815

 

Subordinated own bonds without PONV clause 2

2011

3.875

 

21.12.2021

535,000

 

Subordinated own bonds with PONV clause 2

2013

3.000

 

Perpetual

02.05.2018

543,945

3

 

2015

3.000

 

Perpetual

02.10.2020

589,925

3

 

 

 

 

 

 

 

 

Underlying instruments from issued structured products 4

div.

0.619

5

2018

 

566,056

 

 

 

-0.215

5

2019

 

416,597

 

 

 

-0.316

5

2020

 

191,778

 

 

 

-0.111

5

2021

 

96,035

 

 

 

-0.506

5

2022

 

154,334

 

 

 

0.035

5

after 2022

 

195,878

 

 

 

 

 

 

 

 

 

Loans from Pfandbriefbank schweizerischer Hypothekarinstitute AG

div.

1.409

5

div.

 

1,917,330

 

Total outstanding bond issues and central mortgage institution loans

 

 

 

 

 

6,836,274

 

1 Variable coupon, basis CHF Libor 3 months and spread.

2 PONV clause = point of non-viability

3 Subordinated perpetual Additional Tier 1 bond with contingent write-down. With FINMA’s consent, the bond can be terminated on a unilateral basis by Raiffeisen Switzerland (no earlier than five years following issue).

4 In the case of issued structured products that include a debt security, the derivative is split from the underlying contract and valued and presented separately. Underlying instruments are recognised at their nominal value in “Bond issues and central mortgage institution loans”. The derivative components of the products are recognised at market value in “Positive replacement values of derivative financial instruments” and “Negative replacement values of derivative financial instruments”.

5 Average weighted interest rate (volume-weighted).

14. Value adjustments, provisions and reserves for general banking risks

 

End of previous year in 1,000 CHF

Appropriate application in 1,000 CHF

Reclassifications in 1,000 CHF

Past due interest, recoveries in 1,000 CHF

New provisions against income statement in 1,000 CHF

Dissolution of provisions against income statement in 1,000 CHF

End of current year in 1,000 CHF

Provisions

 

 

 

 

 

 

 

Provisions for default risks

10,111

-755

-121

73

2,996

-2,704

9,600

Provisions for other business risks

130

 

 

 

 

 

130

Provisions for restructuring

3,343

-2,575

 

 

 

-268

500

Other provisions 1

3,250

-406

 

 

6,205

-2,594

6,455

Total provisions

16,834

-3,736

-121

73

9,201

-5,566

16,685

Reserves for general banking risks

158,450

101,000

 

259,450

of which taxed

158,450

30,000

188,450

Value adjustments for default and country risks

 

 

 

 

 

 

 

Value adjustments for default risks in respect of impaired loans/receivables

18,070

-7,145

121

82

15,288

-13,835

12,581

Value adjustments for latent risks

Total value adjustments for default and country risks

18,070

-7,145

121

82

15,288

-13,835

12,581

1 Other provisions include provisions for legal expenses.

15. Cooperative capital

 

Current year

Previous year

 

Total par value in 1,000 CHF

Number of shares in 1,000

Interest-bearing capital in 1,000 CHF

Total par value in 1,000 CHF

Number of shares in 1,000

Interest-bearing capital in 1,000 CHF

Cooperative capital

1,700,000

1,700

1,700,000

1,700,000

1,700

1,700,000

of which, paid up

1,700,000

1,700

1,700,000

1,700,000

1,700

1,700,000

The cooperative capital is owned in full by the 255 Raiffeisen banks within Raiffeisen Switzerland (previous year: 270 Raiffeisen banks). As in the previous year, no Raiffeisen bank holds share certificates granting more than 5% of the voting rights.

Under the Articles of Association of Raiffeisen Switzerland, the Raiffeisen banks must acquire a share certificate for CHF 1,000 for each CHF 100,000 of their total assets. As at 31 December 2017, this corresponded to a call-in obligation towards Raiffeisen Switzerland of CHF 1’956,7 million, of which CHF 893,8 million have been paid in. The Raiffeisen banks took over CHF 806.2 million in share certificates without applying this amount toward the call-in obligation.

16. Related parties

 

Amounts due from

Amounts due to

 

Current year in 1,000 CHF

Previous year in 1,000 CHF

Current year in 1,000 CHF

Previous year in 1,000 CHF

Group companies

718,331

802,119

1,268,491

3,287,531

Transactions with members of governing bodies

31,070

32,423

5,484

4,466

Other related parties

324,268

265,999

284,981

76,125

Total amounts due from / to related parties

1,073,670

1,100,541

1,558,955

3,368,122

Material off-balance-sheet transactions with related parties

Contingent liabilities to related parties amounted to CHF 2.6 billion (previous year: CHF 3.3 billion). Irrevocable commitments to related parties amounted to CHF 336.7 million (previous year: CHF 311.3 million).

Transactions with related parties

On- and off-balance-sheet transactions with related parties are allowed at arm's length terms, with the following exceptions:

  • The Executive Board, the Extended Executive Board and the Head of Internal Auditing of Raiffeisen Switzerland enjoy industry-standard preferential terms, as do other personnel.
  • Amounts due from Group companies of CHF 718.3 million include unsecured loans of CHF 318.3 million (last maturity on 31 December 2025) with an average interest rate of 1.0%.
  • Liabilities to other related parties include CHF current account balances in the amount of CHF 36.5 million for which the credit balance exceeding the allowance is subject to a negative interest rate of 0.4 %. Furthermore, a credit balance in the amount of CHF 7.3 million is included, which bears 2.75 % interest.

Special provisions apply to the processing and monitoring of loans to executive bodies to ensure that staff remains independent at all times.

17. Maturity structure of financial instruments

 

On demand in 1,000 CHF

Redeemable by notice in 1,000 CHF

Due within 3 months in 1,000 CHF

Due within 3 to 12 months in 1,000 CHF

Due within 1 to 5 years in 1,000 CHF

Due after 5 years in 1,000 CHF

Total in 1,000 CHF

Assets/financial instruments

 

 

 

 

 

 

 

Liquid assets

18,819,203

18,819,203

Amounts due from Raiffeisen banks

2,655,902

2,655,902

Amounts due from other banks

234,095

7,860,816

70,000

50,000

8,214,912

Amounts due from securities financing transactions

51,371

51,371

Amounts due from clients

3,007

114,701

1,053,827

564,628

624,510

80,734

2,441,407

Mortgage loans

1,578

110,198

506,964

846,309

5,315,971

3,089,943

9,870,963

Trading portfolio assets

1,325,870

1,325,870

Positive replacement values of derivative financial instruments

1,632,217

1,632,217

Financial investements 1

70,867

98,011

210,161

2,107,788

3,821,765

6,308,591

Total

 

 

 

 

 

 

 

Current year

24,742,739

224,899

9,570,989

1,691,098

8,098,269

6,992,441

51,320,435

Previous year

25,042,268

228,898

8,164,787

1,559,022

7,673,156

6,876,944

49,545,075

Debt capital/financial instruments

 

 

 

 

 

 

 

Amounts due to Raiffeisen banks

15,528,573

15,528,573

Amounts due to other banks

755,130

10,335,815

1,750,316

835,000

13,676,261

Liabilities from securities financing transactions

1,757,968

1,757,968

Amounts due in respect of customer deposits

3,423,203

4,453,004

1,683,069

292,844

767,704

424,979

11,044,803

Trading portfolio liabilities

133,799

133,799

Negative replacement values of derivative financial instruments

1,610,794

1,610,794

Cash Bonds

22,529

9,156

13,178

16,895

61,758

Bond issues and central mortgage institution loans

124,016

1,440,585

2,770,300

2,501,373

6,836,274

Total

 

 

 

 

 

 

 

Current year

21,451,499

4,453,004

13,923,396

3,492,902

4,386,182

2,943,247

50,650,230

Previous year

19,739,337

4,513,883

13,683,313

3,210,844

4,999,609

2,974,001

49,120,987

1 No real estate figures are included in the financial assets (prior year: CHF 0).

18. Total assets by credit rating of country groups

 

Net foreign exposure

 

Current year in 1,000 CHF

Current year in %

Previous year in 1,000 CHF

Previous year in %

Rating class

 

 

 

 

Very safe investment

6,678,083

99.0

6,145,421

98.7

Safe investment

29,668

0.4

37,367

0.6

Average to good investment

30,485

0.5

37,440

0.6

Speculative to highly speculative investment

5,553

0.1

3,945

0.1

Highest-risk investment/default

Unrated investment

2,843

0.0

2,567

0.0

Total assets

6,746,631

100.0

6,226,739

100.0

Ratings are assigned based on Moody’s rating classes. The Raiffeisen Group uses the ratings of all three major international rating agencies.

19. Balance sheet by currency

 

CHF in 1,000 CHF

EUR in 1,000 CHF

USD in 1,000 CHF

Other in 1,000 CHF

Total in 1,000 CHF

Assets

 

 

 

 

 

Liquid assets

17,725,525

910,179

27,874

155,626

18,819,203

Amounts due from Raiffeisen banks

2,655,820

81

2,655,902

Amounts due from other banks

3,498,710

1,061,278

2,268,886

1,386,038

8,214,912

Amounts due from securities financing transactions

51,371

51,371

Amounts due from clients

2,138,136

140,487

146,731

16,053

2,441,407

Mortgage loans

9,870,963

9,870,963

Trading portfolio assets

876,780

11

5,623

443,456

1,325,870

Positive replacement values of derivative financial instruments

1,632,217

1,632,217

Financial investments

6,255,823

21,586

31,175

7

6,308,591

Accrued income and prepaid expenses

220,722

2,946

4,081

288

228,036

Participations

1,055,931

7

1,055,938

Tangible fixed assets

195,321

195,321

Intangible assets

6,653

6,653

Other assets

788,398

788,398

Total assets reflected in the balance sheet

46,920,998

2,136,486

2,484,370

2,052,926

53,594,781

Delivery claims under spot exchange, forward exchange and currency option contracts

22,556,936

10,898,062

21,408,185

5,476,902

60,340,086

Total assets

69,477,935

13,034,549

23,892,555

7,529,829

113,934,867

Liabilities

 

 

 

 

 

Amounts due to Raiffeisen banks

12,893,109

1,946,934

367,159

321,371

15,528,573

Amounts due to other banks

7,392,084

1,435,124

3,181,838

1,667,215

13,676,261

Liabilities from securities financing transactions

164,000

755,037

757,264

81,666

1,757,968

Amounts due in respect of customer deposits

10,310,965

192,081

503,132

38,626

11,044,803

Trading portfolio liabilities

133,799

133,799

Negative replacement values of derivative financial instruments

1,610,794

1,610,794

Cash Bonds

61,758

61,758

Bond issues and central mortgage institution loans

6,584,132

82,055

160,236

9,852

6,836,274

Accrued expenses and deferred income

284,993

1,291

3,465

244

289,993

Other liabilities

458,400

-0

458,400

Provisions

16,685

16,685

Reserves for general banking risks

259,450

259,450

Cooperative capital

1,700,000

1,700,000

Statutory retained earnings reserve

173,183

173,183

Profit

46,840

46,840

Total liabilities reflected in the balance sheet

42,090,191

4,412,522

4,973,094

2,118,974

53,594,781

Delivery obligations under spot exchange, forward exchange and currency option contracts

27,269,719

8,603,937

18,915,071

5,392,535

60,181,263

Total liabilities

69,359,911

13,016,459

23,888,165

7,511,509

113,776,044

Net position per currency

118,024

18,089

4,389

18,320

158,823

 

31.12.2017

31.12.2016

Foreign currency conversion rates

 

 

EUR

1.171

1.073

USD

0.975

1.016