Previous post Next post

Swiss National Bank expects annual profit of CHF 54 billion

Swiss National Bank

- Click to enlarge

Confederation and cantons to receive distribution of at least CHF 2 billion

According to provisional calculations, the Swiss National Bank (SNB) will report a profit in the order of CHF 54 billion for the 2017 financial year. The profit on foreign currency positions amounted to CHF 49 billion. A valuation gain of CHF 3 billion was recorded on gold holdings. The net result on Swiss franc positions amounted to CHF 2 billion.

The allocation to the provisions for currency reserves will be approximately CHF 5.0 billion. After taking into account the distribution reserve of CHF 20.0 billion, the net profit will be in the region of CHF 69 billion. This will allow a dividend payment of CHF 15 per share, which corresponds to the legally stipulated maximum amount, as well as a profit distribution to the Confederation and the cantons of CHF 1 billion.

The Confederation and the cantons are also entitled to a supplementary distribution of CHF 1 billion as the distribution reserve after appropriation of profit exceeds CHF 20 billion. One – third of any such distribution – in this case a total of CHF 2 billion – is allocated to the Confederation and two-thirds to the cantons. After these payments, the distribution reserve will amount to around CHF 67 billion.

A detailed report on the annual result with definitive figures will be released on 5 March 2018; the Annual Report will be published on 22 March 2018.

Download PDF

Full story here
About SNB
The Swiss National Bank conducts the country’s monetary policy as an independent central bank. It is obliged by the Constitution and by statute to act in accordance with the interests of the country as a whole. Its primary goal is to ensure price stability, while taking due account of economic developments. In so doing, it creates an appropriate environment for economic growth.
Previous post See more for SNB Next post
Tags: ,,

Permanent link to this article:

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>