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Loans, allowance for loan losses and credit quality
 12 Months Ended
Dec. 31, 2023
Loans
17 Loans
The Bank’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.
Loans
end of20232022
Loans (CHF million)   
Mortgages100,606107,484
Loans collateralized by securities26,38037,639
Consumer finance5,6085,701
Consumer132,594150,824
Real estate21,20125,463
Commercial and industrial loans48,35162,740
Financial institutions14,69327,955
Governments and public institutions1,6162,555
Corporate & institutional85,861118,713
Gross loans 218,455269,537
   of which held at amortized cost 215,997262,179
   of which held at fair value 2,4587,358
Net (unearned income)/deferred expenses(34)(71)
Allowance for credit losses(1,680)(1,362)
Net loans 216,741268,104
Gross loans by location   
Switzerland151,681166,982
Foreign66,774102,555
Gross loans 218,455269,537
Impaired loans   
Non-performing loans1,6181,614
Non-interest-earning loans308338
Non-accrual loans1,9261,952
Restructured loans 1–484
Potential problem loans1,349977
Other impaired loans1,3491,461
Gross impaired loans 23,2753,413
1
In connection with the adoption of new accounting guidance for loan modifications on January 1, 2023, the previous accounting guidance for troubled debt restructurings was superseded, with disclosures under the new accounting guidance applied prospectively. Accordingly, restructured loans were reclassified to either potential problem loans or non-impaired loans and are no longer presented as their own impaired loan category.
2
As of December 31, 2023 and 2022, CHF 110 million and CHF 130 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 for further information on loans and categories of impaired loans.
> Refer to “Note 18 – Financial instruments measured at amortized cost and credit losses” for further information on loans held at amortized cost.