Financing je connais mon banquier je connais mon banquier. Simple and attractive mortgages for the purchase or construction of your house or apartment

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1 je connais mon banquier je connais mon banquier je connais mon banquier je connais mon banquier Simple and attractive mortgages for the purchase or construction of your house or apartment je connais mon banquier je connais mon banquier je connais mon banquier je connais mon banquier je connais mon banquier je connais mon banquier je connais mon banquier je connais mon banquier je connais mon banquier je connais mon banquier je connais mon banquier je connais mon banquier je connais mon banquier je connais mon banquier Financing je connais mon banquier je connais mon banquier je connais mon banquier je connais mon banquier je connais mon banquier je connais mon banquier je connais mon banquier je connais mon banquier je connais mon banquier je connais mon banquier

2 Index Page 1. Defining your needs 4 2. Estimate the cost of your property investment 8 3. Step-by-step review Mortgage loans from the Banque Cantonale de Genève Services linked to mortgage loans Owner s guide Draw up your financial plan Calculate your household budget 27 2 Are you thinking of building, buying or renovating a property? Do you already own a property and are you looking for financing options best suited to your personal situation? The Banque Cantonale de Genève can offer you simple and attractive mortgage options tailored to fit your individual needs. The Bank will provide you with the advice you need at every stage on the way to becoming a property owner, and will share its experience and expertise throughout the Canton of Geneva and in the surrounding areas of France.

3 And that s not all The Banque Cantonale de Genève has available a wide range of complementary products which we will be happy to propose. As the holder of a Banque Cantonale de Genève mortgage, you have access to the bonus provided by BCGE Avantage service 1 and each year you can receive an interest rate bonus on your savings account of as much as 2% per year. Our mortgage specialists will work with you and do everything possible to provide comprehensive solutions to enable you to achieve your dreams. Please see also our website Valid for a housing mortgage loan starting at CHF 200,000; see the brochure BCGE Avantage service or page 21

4 1. Defining your needs What type of house or apartment should I buy? Do you want to buy a home from a plan or one already built? Attached or detached? An apartment 2 or a house? Would you like a garden or maybe a view? These are just some of the questions to ask yourself before making your final decision. The right choice depends on your dreams and, of course, your budget. Town or country? Perhaps you already know exactly where you want to look? In town, out in the Geneva countryside, or even in the surrounding areas of France? Do you prefer to live out in the country, in a quiet, rural situation and are therefore willing to accept the longer commute to work? If so, easy access to public transport, shops and schools is really important. 4 Or, let s say you want to live in town. In that case, is there parking available? Are there enough streets with shops and services, cafés and restaurants near your house or apartment? Is public transport close by? And what about schools for your children? Buying or building? You ve defined what you want? Then you can make your dreams come true by building or buying an existing property. Buying an existing house or apartment has a number of advantages: you can go over it before buying and check out whether it really is what you are looking for. The property is usually available quite quickly and its price is fixed. On the other hand, you will certainly want to give it your personal touch: new wallpaper, new floor coverings, a new kitchen or bathroom. Depending on its age and the way it has been maintained, these costs can correspondingly increase your budget. We would advise you to have an expert carry out a survey of the property you want to buy and to ask for receipts showing the maintenance work undertaken by earlier owners. 2 PPE: Propriété par étage (Ownership by floor)

5 If it is a condominium apartment, ask for a statement of the maintenance provision account and check whether it is adequate. Or perhaps you would rather build your dream house the way you want it? If you do this, you will have the pleasure of designing your house to match your needs and tastes as closely as possible: number and size of rooms, selection of materials, type of kitchen and even the number of windows. Of course, the decisions you will have to make will take a considerable amount of your time. In addition, in order to avoid budget overruns and delays, we would advise you to follow progress on site very closely. It is also important to carefully select the architect or developer you are going to work with. Obtain references and do not hesitate to request a visit to similar buildings they have developed in order to be certain that their style really is what you want. Also, take enough time to explain your wishes, discuss details and define budgets. 5

6 Look over it thoroughly and critically You have found your dream house or the plot where you want to build your dream. It is now vital to consider certain things critically. Arrange for experts to carry out a survey of the property you have selected Enquire about the sale price and compare it with what is happening in the housing market. Our specialists at the Banque Cantonale de Genève can help you assess the value of the properties which interest you If you decide to buy a building plot, it is essential to obtain a zoning plan from the municipality to find out if you will be allowed to build on the plot Obtain information from the municipality about the developments occurring in the area. Are new houses or apartments to be built? What are they like? Obtain an extract from the land registry which gives the rights and obligations (easements) attached to the plot and building Check the state of the building and ask for proof of work already done Look carefully at which direction the house or apartment faces as this will have an impact on internal light levels 6 What does the notary do? A notary is essential and has a number of important functions. In particular, he is responsible for: Explaining your rights and duties Preparing most of the documents needed for the transaction Examining the deeds Drawing up the deed of sale Registering the house or apartment at the land registry Protecting your interests The notary s fees can vary according to the amount of work required. They are part of the purchase costs you must consider 3. 3 Please refer to page 9 for more details concerning purchase costs

7 What is the land registry? Before buying a plot or a house, you must obtain information from the land registry on details of liens on buildings and land. Among other things, it will provide the name of the owner, existing liens, and above all the easements attached to the property, such as a right of access. You will become the real owner of your house, apartment or plot only when the sale has been formally and duly registered. 7

8 2. Estimate the cost of your property investment Draw up a financial plan When financing a property purchase it is essential to draw up a financial plan which defines the required down payment and the later costs and expenses. This will enable you to clearly determine the maximum cost of your future property which you can afford to pay. Your financial plan has three stages: 1 Define the total cost of your property purchase and the division of the financing between down payment and mortgage loan 2 Calculate the monthly and annual financial costs of your mortgage 3 Estimate the additional needs for cash from your property investment, for example, for a pool or a veranda It is important that your income is sufficiently high for you to be able to cover all the costs of your financial plan without difficulty. These costs should not exceed 1/3 of gross family income. Do not forget that interest costs may vary over time, depending on the kind of mortgage you choose and the global economic situation. At the end of the brochure you will find a worksheet to help you draw up your financial plan. 8

9 What is a mortgage loan? The bank lends you money in the form of a mortgage loan to finance your property purchase. To be able to make this loan the bank takes a lien on the property which it is financing. This lien takes the form of a mortgage deed. In general, the loan does not exceed 80% of the value of the property. Mortgage loan 80% Down payment 20% Value of the property What is the amount of your down payment? So, to finance your purchase, you must pay 20% of the value of the property from your own resources. This down payment can be made in different ways: Cash: using your own money 2nd pillar: using the funds in your occupational retirement plan, either by withdrawing the amount available, or by placing it as security with the bank 3rd pillar, whether tax-exempt or taxable 4 : in other words by using your personal retirement savings either by withdrawing the amount necessary to meet your down payment needs, or by depositing it as security with the bank in order to obtain a larger mortgage 9 Own funds provided by cash and/or 3rd pillar funds must represent a minimum of 10% of the pledge value retained by the bank. Have you allowed for the purchase costs? When you buy property you have to pay different fees, taxes and charges. For that reason we advise you to take into account what are called purchase costs in the total cost of the transaction. They include the notary s fees, transfer taxes, land registry fees, or even the costs of drawing up a mortgage deed. In most cases, you have to cover these costs from your own funds. In the Canton of Geneva the purchase costs are estimated at between 2% and 3% of property purchases up to CHF 1,000,000 and at approximately 5% for transactions above that amount. 4 See the brochure BCGE Praevisio

10 What are mortgage repayments? Mortgage repayments mean the repayment on your loan. The purpose of the mortgage repayments is to reduce your debt. As a general rule, you repay between 1% and 2% of the debt each year. When interest rates are low, it is advisable to take advantage of the situation to pay off more of the debt or to put some money aside in case of future interest rate increases. An amount of the mortgage loan representing at least 2/3 of the property value retained by the bank must be amortised over a maximum period of 20 years. You can take advantage of direct or indirect mortgage repayments If you choose direct mortgage repayments you regularly repay your mortgage to the bank. Your debt and therefore your future interest costs are reduced by each payment You can choose indirect mortgage repayments when you use a 3rd pillar retirement plan. In that case the payments are credited to your 3rd pillar account instead of contributing to the reduction of your debt. In this way you have the tax benefits of a tax-exempt 3rd pillar, and on the other hand you contribute to your personal retirement savings. At the maturity date of your 3rd pillar, all or part of the amount saved is used to repay the mortgage. During the duration of the mortgage loan you can, if you wish, also make mortgage payments from your 3rd pillar, but no more than once every five years. Please remember that tax is due on each withdrawal from a tax-exempt 3rd pillar. The tax rises progressively according to the amount withdrawn. 5 In a period of stable interest rates, the interest charges can increase or decrease, depending on changes in interest rates

11 Indirect mortgage repayments provide you with the following advantages: Your mortgage debt remains unchanged throughout the whole period of the loan and you may deduct it completely from your wealth You may also deduct from your income the payments made to your tax-exempt 3rd pillar account, to the extent permitted by law 6 You may also deduct the interest from your taxable income; the interest will remain higher, as your debt will be unchanged You benefit from a very attractive interest rate on your 3rd pillar account with the Banque Cantonale de Genève Rental value Interest charges Service charges Mortgage repayments charges: payment on your 3rd pillar 6 11 Income Taxable income 6 For the annual deduction permitted by law, see the brochure Fees and conditions for payment and other services

12 12 What are the maintenance costs of your property? Over and above the interest and mortgage payments, a house or apartment involves significant costs arising from its upkeep. Among these costs are, for example, maintenance of the exterior, the roof, the windows, the floors, the paintwork, and the garden. Depending on the age of the building, these can be between 0.5% and 1.5% of the value of the property each year. For this reason it is advisable to put money aside regularly in a maintenance account to cover future costs and to be aware that an older property requires more maintenance. Some of these costs may be deducted from your taxable income. Are there other costs relating to a house or apartment? In your personal budget you should also consider the running expenses for any house or apartment: for example, the costs of heating, electricity, water, building and household liability insurance, property taxes, etc. In addition, there are the indirect expenses arising from your move: furniture, garden tools, hardware and fittings, etc. Assess your insurance needs Remember that once you own your own house or apartment, your insurance needs increase significantly. You must insure your property against fire, natural hazards and water damage. We also strongly advise you to review your personal insurance coverage so you can cover home ownership costs if the unexpected should happen (incapacity or death). If you decide to build, as the person commissioning the building, you must take out construction insurance and public liability insurance. From the broad range of possibilities available in co-operation with our partners, the Banque Cantonale de Genève is able to offer you insurance options tailor-made to fit your needs.

13 3. Step-by-step review The following provides a step-by-step review of the stages on the way to becoming a house or apartment owner: 1 Define exactly your needs and set your priorities 2 Draw up your financial plan. Calculate the amount of money you have available for a down payment (20% of the value of the property is required) and decide on the mortgage you can take on, as well as the price of the property you wish to acquire 3 Call on the professionals of the Banque Cantonale de Genève to provide an estimate of the value of the property which interests you and details of the sales contract 4 Contact your counsellor at the Banque Cantonale de Genève so that you can jointly arrange finance 5 Negotiate the terms of the sale and the price of the transaction with the seller of the property 6 Once your decision is taken and the loan has been approved by the bank, you can formally buy the property with the help of the notary The counsellors of the Banque Cantonale de Genève are available to help and support you every step of the way to becoming a property owner. 13

14 4. Mortgage loans from the Banque Cantonale de Genève The range of mortgage products offered by the Banque Cantonale de Genève makes it possible to meet the requirements and accommodate the particular circumstances of every home owner. A talk with one of our counsellors will reveal the best solution tailored to your financial requirements and individual circumstances. Our aim is to offer you a simple, quick, and cost-effective solution customised to your needs and expectations. Building loan You finance the building or renovation from a current account which is drawn down to cover the stage payments as the work progresses. When the work is complete, the loan is consolidated in the form of a fixed or variable mortgage loan. The interest arising from the building loan, called construction period interest, is included in the consolidation. 14 Your advantages You obtain the credit limit needed for your building project You authorise the bank to pay the bills as the work progresses Your interest is calculated only on the amount of the loan actually used You do not have double costs: the interest incurred during the construction period is incorporated into the total amount of the building loan and is not an extra cost in addition to your current rent You can consolidate your building loan into a mortgage before the end of the construction work

15 Fixed-rate mortgage (2 to 15 years) When a new loan is approved or an existing one is renewed, you may fix the rate of interest on the loan for a term varying from 2 to 15 years. In this way the rate does not vary and you know exactly what your costs are during this period. At maturity you may renew for the same or a different term, or you may choose a mortgage at the Libor or variable rate. This type of mortgage loan is appropriate if you wish to protect yourself against future interest rate rises and are looking for fixed monthly payments. It is advisable to fix the interest when general rate levels are low and an increase is expected. In addition, to make it easier for you to monitor your loan, you can disregard the notions of first and second tier and have a single rate applied to the whole of the sum you borrow. 15 Your advantages Your interest rate is fixed in advance and does not vary during the selected term (2 to 15 years) You are sheltered from a rise in rates until your loan matures You may plan your budget with peace of mind as the interest costs are stable for the whole term You may deduct the mortgage interest on your annual income tax return To find out the current rates depending on the term, see our website You will find them under the heading Taux et tarifs ( Rates and fees ) on the home page.

16 Spread the risks, choose a number of different terms You may divide your mortgage loan into a number of different payment periods (a minimum of CHF 100,000 per tranche) and fix different rates for each of them. For example, a combination of different terms at a fixed rate or a fixed rate and a Libor-based rate. Example: division into two tranches 16 This possibility enables you both to fix a part of your loan over the long term at a current very low interest rate and at the same time to take advantage of an even lower short-term rate. This possibility can also be extremely useful if you anticipate income becoming available in the medium term which you can then use to repay the shorter-term tranche of your loan. We recommend that you undertake a close examination of your financial situation and objectives together with your adviser at the Banque Cantonale de Genève. Your advantages You optimise your interest rate risk to fit your financial situation and your needs You can plan your budget with confidence because you know all the charges you will pay You can deduct the interest on your annual income tax return Fix your rate in advance By fixing in advance the rate of interest you will pay on your loan, or on a loan to be renewed in a few months, you protect yourself against a possible evolution in interest rates. This arrangement is particularly attractive when an increase in interest rates is expected. Example of a rate fixed in advance (forward rate) } Movement of interest rates The increase you avoid Interest rate fixed in advance based on current rates Purchase of your new home or renewal of your existing loan

17 Variable-rate mortgage loan The rate applied to your loan is variable, that is, it may rise or fall depending on the general level of interest rates in the markets. In general, the variable-rate mortgage loan undergoes relatively moderate and infrequent variations in the interest rate. This type of loan is advisable when the general level of interest rates is high and you wish to take advantage of future reductions. In addition, it gives you maximum flexibility and may be changed at any time to a fixed-rate mortgage loan. Your advantages You benefit from interest rate reductions in the markets You ensure maximum flexibility at the same time as maintaining relative stability in your budget You have the option of switching your variable rate mortgage loan at any time to a fixed-rate loan You may deduct the interest on your annual tax return 17

18 Libor rate mortgage loan 7 If you wish to have a high degree of flexibility and to take advantage of the lowest rates on the money markets, and if you think that rates are not going to rise in the short term, you may finance your house or apartment, in whole or in part 8, with a Libor rate mortgage loan. The interest rate on your loan is determined each quarter by the three-month CHF Libor rate. Unless you advise us otherwise two weeks before the maturity date, the part of your loan at the Libor rate will be automatically renewed for a further three-month term. At each maturity date you may choose a fixed rate or variable rate mortgage loan under very favourable conditions. As the Libor rate is an interest rate which can fluctuate widely and sharply, it is advisable to follow the financial markets on a regular basis if you choose this type of product. Libor rate 3 months 18 Interest rates Your advantages You benefit from very attractive rates when the general level of rates on the capital markets is stable or falling Every quarter you have the option of moving your Libor-based loan to a variable-rate or fixed-rate loan You can switch very quickly if interest rates rise by moving out of your Libor rate on extremely favourable terms You can optimise your interest rate risk by dividing your loan between a short-term rate (Libor) and a medium-term or long-term rate (fixed rate from 2 to 15 years) You have maximum flexibility in the total or partial repayment of your Libor-rate mortgage loan You may deduct the interest on your annual income tax return 7 Libor: London Interbank Offered Rate the rate applied between leading banks on the London money market 8 To limit the risks arising from rate fluctuations, your mortgage loan should be made up of a tranche based on the 3-month Libor rate and of one or more fixed-rate tranches

19 Mortgage loan for a Minergie property The Minergie label is a green option that enables you to benefit from attractive rates while protecting the environment. Our Minergie option is available to all clients who want to take out a mortgage loan. Minergie is a quality label that can be applied to any new or renovated buildings that meet certain criteria (waterproof exterior, thick heat insulation and good air circulation system) to limit their environmental impact and minimise energy consumption. The Minergie Association (AMI) is supported by the Swiss Confederation, the cantons and by private industry. The BCGE finances 100% of the extra cost involved in the Minergie 9 option for all types of property. You do not have to provide additional funds. Your advantages The Minergie option allows you to benefit from attractive rates while protecting the environment Minergie applies to all types of mortgage loan in the BCGE Simplissimmo range The extra cost of the Minergie option is financed by the BCGE The France mortgage loan Is your income in Swiss francs? Is your property in the neighbouring areas of France? The BCGE France mortgage loan is tailor-made for you. 19 Denominated in Swiss francs, this mortgage loan gives you the option of financing a principal or weekend residence in the bordering departments of Ain or Haute-Savoie. You make the payments in the currency of your income and you avoid both exchange-rate risks and foreign payment costs. You may select a fixed-rate, Libor, variable-rate or mixed-rate mortgage according to your needs and expected mortgage rate changes. In addition, you are free to choose the mortgage repayment period which suits you. The loan must be repaid at the latest by the expiry date of the insurance policy you take out. Your advantages You have a mortgage loan at competitive rates You have a flexible repayment period up to a maximum of 50 years 10 There is no exchange-rate risk between your income and the payments you have to make You have access to the vast range of BCGE Simplissimmo products 9 To a maximum of 10% of the construction costs excluding the cost of the land 10 Depending on your age when the contract is signed, and the period of life insurance linked to the loan

20 5. Services linked to BCGE mortgage loans 3rd pillar account The Epargne 3 account offered by Banque Cantonale de Genève is the best way to repay your mortgage loan indirectly 11. In addition to a high rate of interest, you benefit from all the tax advantages of the tax-exempt 3rd pillar 12. Your advantages You benefit from an account at a preferential interest rate, the interests of which are not subject to withholding tax Your capital accumulated in the Epargne 3 account is not subject to wealth tax You increase your personal retirement plan You benefit from tax savings by being able to deduct the payments from your income, to the extent allowed by law 13 You repay your mortgage loan indirectly 20 Insurance protection When you become a property owner, it is advisable to check your insurance coverage against such possibilities as the death of your husband or wife or their inability to earn. The Banque Cantonale de Genève is in a position to give you advice on this matter and to offer you insurance coverage suited to your particular needs. Your advantages You limit the financial impact of death or incapacity You benefit from the favourable conditions obtained by the Banque Cantonale de Genève from its partners You can protect yourself effectively without going through any complicated administrative procedures 11 You will find further information on indirect repayment on page See the brochure BCGE Praevisio 13 See the brochure Fees and conditions for payment and other services

21 BCGE Avantage service interest bonuses 14 If you hold a mortgage loan from the Banque Cantonale de Genève with a minimum value of CHF 200,000 you can take advantage of the BCGE Avantage service bonus programme. You can have an additional interest rate bonus on your savings account rising to a maximum of 2%. Talk to your Banque Cantonale de Genève adviser. He can give you detailed information about this very attractive bonus programme. Your advantages You receive an interest rate bonus rising to 2% of the balance in your savings account Your bonus is paid in cash into your savings account Your savings increase faster 21 The strengths of the Banque Cantonale de Genève Simple and attractive mortgage options which are adapted to your needs Personalised and professional advice near your home wherever it is in the canton Experience and in-depth knowledge of Geneva and its area A customer loyalty programme which provides you with benefits each year Services to complement your mortgage loans Answers to all your questions relating to house or apartment ownership Financing for your principal or weekend residence in the Canton of Geneva or in the surrounding areas of France 14 Valid for an owner-occupied residence. See the brochure BCGE Avantage service

22 6. Owner s guide The following list brings together the most important points of our brochure. You can tick the boxes at each stage in the purchase of your future house or apartment. Define your needs before buying or building q What type of house do you want to live in? How many bedrooms do you need? How much space do you want? q Which part of the canton do you want to live in? Do you prefer the city or the Geneva countryside? q Have you thought about the close proximity of schools, shops and public transport? 22 Draw up a financial plan q How much of your own money do you want to invest? q What is the maximum mortgage loan you can take on? q Don t forget to include purchase costs in your calculations. These can vary between 2% and 5% of the purchase price and are not financed by the bank q Calculate the financing costs attaching to your mortgage loan and include a safety margin to meet possible rate increases q Calculate the amount of the annual repayment of your mortgage loan q Estimate your maintenance costs. Depending on the age of your property, they may lie between 0.5% and 1.5% of the purchase price each year

23 Look over the property thoroughly and critically q Have you checked the selling price? Is it justified? Seek the advice of a specialist and have a survey made of the property you want to buy q Have you selected your notary? This is the person who will provide all the information you need to know about the administrative procedures necessary for the purchase of your house or apartment q Obtain an extract from the land register and check the name of the owner, current liens and easements applying to the plot or building you are interested in q Check which way the building or plot is facing as this will affect the light in your future house or apartment q If you wish to build your own house, obtain references from the architect or the general contractor. Inspect buildings they are responsible for. Define their responsibilities for planning, specifications, estimates, and supervision of the worksite q Obtain a zoning plan and the sector regulations from the municipality to find out if the plot may be built on, and within what limits. Check also if there is water, electricity or gas available q Find out about planned development of neighbouring plots and main roads 23

24 24 The sales contract q To be valid, the sales contract must be duly authenticated, i.e. before a notary q A deposit should be paid into an escrow account only if your decision is final and if the bank has approved the finance for the property q The vendor is responsible for the tax liability arising from a capital gain on property. Check whether the sales contract contains a clause to this effect q Check whether the different costs, fees and taxes relating to the property have been paid. If not, the municipality may exercise its right of lien on the land q Has the vendor transferred to you the warranty rights from suppliers and tradesmen? If this is not the case, you will be responsible for future costs even though they are covered by the warranty

25 Obtain insurance coverage for your property q Take out insurance covering fire, natural hazards and water damage on your residence q If you decide to build, as the person commissioning the building, you must take out construction work insurance and public liability insurance q Check also your coverage for disability and death. It is often necessary to obtain life insurance or income protection insurance in order to be able to continue to meet the costs of your property, should the unforeseen arise This list is not exhaustive. However, it does contain the main areas you must think about in the process of building or buying your house or apartment. The advisers of the Banque Cantonale de Genève can support you and provide valuable advice resulting from their vast experience and their knowledge of the Geneva property market. 25

26 7. Draw up your financial plan Financial plan Example Your budget A Purchase / construction price 700,000 B Purchase costs (3% 15 of A) 21,000 C Total purchase cost (A + B) 721,000 D Your down payment (20% of A + purchase costs) 161,000 E Mortgage financing (80% of A) 560,000 F Interest on the loan (3% 16 of E) 16,800 G Annual maintenance costs (estimated at 1% of A) 7,000 H Total annual cost (F + G) 23,800 I Repayment of the loan (2% of E) 11,200 J Annual cash-flow requirements 35,000 K Monthly cash-flow requirements (J/12) 2, In order to ensure that you will be able to cope with possible interest rate increases, we advise you to go through the same calculations with higher interest rates (4%, for example). The cash-flow requirements arising from your investment must not exceed one third of your gross income. If you have other financial commitments, such as leasing or alimony, you must take them into account in your calculation of the above ratio. In order to estimate the financial burden which your purchase will impose, we advise you to compare the monthly cash-flow requirements with your current rental costs or mortgage payments. This financial plan is for reference only, to provide a better illustration of the financing of your house or apartment. Our advisers are available to help you draw up your personal financial plan. You can also do these calculations via the internet at 15 Approximate expenses for a house or apartment located in Geneva, see page 9 16 Rate given for illustration only. You will find current rates on our website

27 8. Calculate your household budget A Your income Per month Per year Your net salary Your spouse s net salary Other income Total of A B Your expenses Taxes Insurance (household, health, etc.) Groceries / household costs Electricity / heating Clothing and shoes Alimony / maintenance payments Telephone land line / mobile Radio / television Medical costs / prescription costs Car and fuel Public transport / parking Personal expenses (magazines, newspapers, etc.) Leisure activities Holidays Exceptional expenses Sundries Total of B Total available (A - B) 27 This is the available amount to spend on your house or apartment. Contact one of our specialists in our extensive branch network to draw up a personalised proposal to match your own situation.

28 This document is printed on FSC certified paper FSC-C Banque Cantonale de Genève Telephone: +41 (0) E / 6 1, branches in Geneva Registered office: Quai de l Ile 17 CP Genève 2 Private Banking in Switzerland Quai de l Ile 17 CP Genève 2 Avenue de la Gare 50 CP Lausanne Lintheschergasse 19 Postfach Zürich This brochure is translated from the French original, which remains the official version. Banque Cantonale de Genève reserves the right to change the fees and services set out in this brochure at any time.