Swiss central bank achieves a profit of over CHF 26 billion

Swiss National Bank

Shareholders are to receive a dividend of CHF 15 per share certificate.

(Photo: Reuters)

Zurich The Swiss National Bank (SNB) closed last year with a profit of CHF 26.3 billion. This was mainly due to valuation gains on foreign exchange and gold holdings, as the SNB announced on Monday with reference to the final figures. The profit on foreign currency positions was therefore CHF 25.7 billion.

The gold inventory was worth 0.1 billion less. The fees charged by the banks for sight deposits at the SNB brought in CHF 1.1 billion. The SNB wants to pay out six billion francs to the federal government and the cantons – the same amount as last year. Shareholders are to receive a dividend of CHF 15 per share certificate.

Based on preliminary figures, the central bank had already announced annual profits of around CHF 26 billion in January. In 2020, the SNB reported a profit of CHF 20.9 billion.

More: Switzerland tightens capital rules for mortgage lending

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