Lending & Secured Finance 2022

1 Overview

1.1 What are the main trends/significant developments in the lending markets in your jurisdiction?

Despite the economic shock of the COVID-19 pandemic, the recovery of the Swiss economy has been quite swift with GDP growth in the low to mid-single digits for 2021, which is expected to continue in 2022. Unlike in 2020, at the beginning of the pandemic, no new state-backed credit support programmes in relation to the COVID-19 pandemic were introduced in 2021. The M&A and acquisition financing markets remained active but the deals were (with a few exceptions) less sizeable than in previous years.

In 2021, the change from LIBOR to other interest rates kept the market participants busy. Further, we have also observed the following trends: