Category Archive: 1.) SNB Press Releases

2019-12-03 – Amendment of National Bank Ordinance

Changes due to entry into force of FinSA/FinIA andadjustments to minimum reserve requirements. The Swiss National Bank is amending the National Bank Ordinance (NBO). Various terms used in the NBO will be revised in connection with the entry into force of the Financial Services Act (FinSA) and the Financial Institutions Act (FinIA) as of 1 January 2020.

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Swiss Financial Accounts, 2018 edition

The financial assets of households were influenced by two factors in 2018: First, falling share prices led to high capital losses and, second, households grew their financial wealth through transactions. They increased their insurance and pension scheme entitlements, expanded their bank deposits and invested in securities. Overall, household financial assets fell slightly by CHF 14 billion to CHF 2,586 billion (down 0.6%) – the first decline in ten...

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The Swiss National Bank reports a profit of CHF 51.5 billion for the first three quarters of 2019

The Swiss National Bank reports a profit of CHF 51.5 billion for the first three quarters of 2019. The profit on foreign currency positions amounted to CHF 42.7 billion. A valuation gain of CHF 7.3 billion was recorded on gold holdings. The profit on Swiss franc positions was CHF 1.7 billion.

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2019-10-22 – Swiss National Bank opens SNB Forum for interested expert audience

Today, the Swiss National Bank is opening the SNB Forum on the ground floor of its premises at Fraumünsterstrasse 8 in Zurich. This has been created as part of the mult i-yearrenovation of this building, and is open to the public.

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SNB and BIS sign Operational Agreement on BIS Innovation Hub Centre in Switzerland

The Swiss National Bank (SNB) and the Bank for International Settlements (BIS) have today signed an Operational Agreement on the BIS Innovation Hub Centre in Switzerland. The Hub will identify and develop in-depth insights into critical trends in technology affecting central banking, develop public goods in the technology space geared towards improving the functioning of the global financial system, and serve as a focal point for a network of...

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Switzerland’s international investment position: Focus article ‘Breakdown of changes in stocks’ and extension of data offering

The Swiss National Bank has today published a focus article on its data portal entitled ‘Switzerland’s international investment position – breakdown of changes in stocks’ (data.snb.ch, Resources, International economic affairs, Focus articles).

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Monetary policy assessment of 19 September 2019

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100-franc note enters circulation today

SNB banknote app with information on all new denominations. Issuance of the new 100-franc note presented a week ago begins today, 12 September. The complete version of the Swiss National Bank’s ‘Swiss Banknotes’ app is now also available. It has been updated to include the 100-franc note and features information on all six new denominations.

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SNB reports a profit of CHF 38.5 billion for the first half of 2019.

The Swiss National Bank reports a profit of CHF 38.5 billion for the first half of 2019. The profit on foreign currency positions amounted to CHF 33.8 billion. A valuation gain of CHF 3.8 billion was recorded on gold holdings. The profit on Swiss franc positions was CHF 1.1 billion. The SNB’s financial result depends largely on developments in the gold, foreign exchange and capital markets.

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Banks in Switzerland 2018

The Swiss National Bank has today published its report Banks in Switzerland 2018 and the corresponding data for its annual banking statistics. The most significant events are summarised below.

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Monetary policy assessment of 13 June 2019

The Swiss National Bank is maintaining its expansionary monetary policy, thereby stabilising price developments and supporting economic activity. Interest on sight deposits at the SNB is unchanged at –0.75%. The SNB will remain active in the foreign exchange market as necessary, while taking the overall currency situation into consideration.

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Expansion of SNB statistics

New Focus Article series published on data portal. The Swiss National Bank is expanding its offering in the field of statist ics. It is to start publishing articles on selected statistical subjects at irregular intervals. These articles will appear on the SNB data portal (data.snb.ch, Resources, International economic affairs, Focus articles) as so-called focus articles.

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Claudia Aebersold Szalay to become Head of Media Relations at the SNB

Claudia Aebersold Szalay will assume the role of Head of Media Relations at the Swiss National Bank on 1 June, replacing Walter Meier who will be leaving the bank having reached retirement age. Ms Aebersold Szalay was previously an economics and business editor at the NZZ newspaper for eleven years.

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SNB Results: Big Win After Big Loss in Q4 2018

The Swiss National Bank reports a profit of CHF 30.7 billion for the first quarter of 2019. The profit on foreign currency positions amounted to CHF 29.3 billion. A valuation gain of CHF 0.9 billion was recorded on gold holdings. The profit on Swiss franc positions was CHF 0.6 billion.

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Monetary policy assessment of 21 March 2019

The Swiss National Bank is maintaining its expansionary monetary policy, thereby stabilising price developments and supporting economic activity. Interest on sight deposits at the SNB remains at –0.75% and the target range for the three-month Libor is unchanged at between –1.25% and –0.25%. The SNB will remain active in the foreign exchange market as necessary, while taking the overall currency situation into consideration.

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2019-03-21 – Publication of the 2018 Annual Report

The 2018 Annual Report of the Swiss National Bank is published on the SNB website (www.snb.ch).

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1000-Franc Note Enters Circulation Today

Issuance of the new 1000-franc note presented a week ago begins today, 13 March. The Swiss National Bank’s ‘Swiss Banknotes’ app has now been updated to include the new note. The app, which has been downloaded some 110,000 times, can be obtained free of charge from the Apple (itunes.apple.com) and Google Play (play.google.com) app stores.

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Swiss National Bank releases new 1000-franc note

The Swiss National Bank (SNB) will begin issuing the new 1000-franc note on 13 March 2019. Following the 50, 20, 10 and 200-franc notes, this is the fifth of six denominations in the new banknote series to be released. The current eighth-series banknotes remain legal tender until further notice.

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