Category Archive: 1.) SNB Press Releases

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SNB Monetary policy assessment of 15 March 2018

2018-03-15

SNB Switzerland Conditional Inflation Forecast

The Swiss National Bank (SNB) is maintaining its expansionary monetary policy, with the aim of stabilising price developments and supporting economic activity. Interest on sight deposits at the SNB is to remain 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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SNB reports a profit of CHF 54.4 billion for 2017

2018-03-06

by George Dorgan

2018-03-06

The Swiss National Bank (SNB) reports a profit of CHF 54.4 billion for the year 2017 (2016: CHF 24.5 billion). The profit on foreign currency positions amounted to CHF 49.7 billion. A valuation gain of CHF 3.1 billion was recorded on gold holdings. The profit on Swiss franc positions was CHF 2.0 billion.

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Currency swap agreement between the Swiss National Bank and the Bank of Korea

2018-02-13

by SNB

2018-02-13

The Swiss National Bank (SNB) and the Bank of Korea (BOK) will enter into a bilateral swap agreement. The agreement will be signed on 20 February 2018 in Zurich by the Chairman of the SNB Governing Board, Thomas Jordan, and the Governor of the BOK, Juyeol Lee. The swap agreement enables Korean won and Swiss francs to be purchased and repurchased between the two central banks, up to a limit of KRW 11.2 trillion, or CHF 10 billion.

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Swiss National Bank expects annual profit of CHF 54 billion

2018-01-09

by SNB

2018-01-09

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.

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Swiss National Bank acquires majority stake in Landqart AG

2017-12-21

by SNB

2017-12-21

Yesterday, the Swiss National Bank (SNB) acquired 90% of the shares in Landqart AG. The remaining 10% of the share capital will be purchased by Orell Füssli Holding Ltd. The vendor is a subsidiary of Fortress Paper Ltd, which is listed on the Toronto stock exchange.

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Direct Investments in 2016

2017-12-18

by SNB

2017-12-18

In 2016, companies domiciled in Switzerland invested CHF 71 billion abroad. Swiss direct investment abroad thus fell short of the CHF 90 billion recorded in 2015, due primarily to lower investment activity by finance and holding companies. All other industry categories combined actually exceeded the level of the previous year with investment abroad of CHF 62 billion (2015: CHF 46 billion). Of this total, CHF 29 billion was accounted for by...

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SNB Monetary policy assessment of 14 December 2017

2017-12-14

by SNB

2017-12-14

Swiss Financial Accounts, 2016 edition

2017-11-29

by SNB

2017-11-29

Stocks of Financial Assets and Liabilities of Institutional Sector in 2016

Financial assets and liabilities of the institutional sectors The financial accounts form part of Switzerland’s system of national accounts. They show the financial assets and liabilities of the economy’s institutional sectors, which are non-financial and financial corporations, general government and households. The major developments in the financial accounts are outlined below.

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The good years have started, increasing SNB Profits

2017-10-31

by George Dorgan

2017-10-31

Income statement, 1 January–30 September 2017

The Swiss National Bank (SNB) reports a profit of CHF 33.7 billion for the first three quarters of 2017. But in 2017, the picture is changed. Assuming a "biblical" cycle of seven good years and seven bad years, the SNB could now increase profits every year - thanks to a weaker franc and the seven good years.

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10 Franc Note: Banknote App Updated

2017-10-18

by SNB

2017-10-18

The Swiss National Bank (SNB) is releasing an updated version of ‘Swiss Banknotes’, an app for mobile devices designed to help the public familiarise themselves with the new banknotes.The popular app, which has been downloaded over 70,000 times, now also showcases the new 10-franc note. It can be downloaded 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 10-franc note

2017-10-11

by SNB

2017-10-11

The Swiss National Bank (SNB) will begin issuing the new 10-franc note on 18 October 2017. Following the 50-franc and 20-franc notes, it is the third of six denominations in the new banknote series to be released. The current eighth-series banknotes will remain legal tender until further notice.

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Swiss Balance of Payments and International Investment Position: Q2 2017

2017-09-26

by George Dorgan

2017-09-26

Key figures, Current Account: -3.6% against Q2/2016 to 18,748 bn. CHF, Trade Balance: +6.5% to 15,550 bn, Services Balance: -12.8% to 4,087 bn, Investment Income: -22.9% to 7,369 bn.

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SNB Monetary Policy Assessment September 2017 and Comments

2017-09-14

by George Dorgan

2017-09-14

The SNB projects that she will reach her inflation target, shortly under 2% in the medium term, i.e. in 2019/2020. One reason might be the weakening of the Swiss Franc. But she does not prepare for a normalization of her policy: From the history we know that - once the franc is weakening - inflation may rise very quickly.

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Survey on the use of payment methods in Switzerland

2017-08-05

by SNB

2017-08-05

The Swiss National Bank (SNB) is this year conducting a survey on payment methods for the first time. Over the coming months, 2,000 people resident in Switzerland will be asked about their habits regarding the use of payment methods. The aim of the survey is to obtain representative information on the Swiss population’s use of various payment methods and to identify any changes in this respect.

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SNB reports a profit of CHF 1.2 billion for the first half of 2017

2017-07-31

by George Dorgan

2017-07-31

Income statement, 1 January–30 June 2017

The Swiss National Bank (SNB) reports a profit of CHF 1.2 billion for the first half of 2017. A valuation gain of CHF 0.3 billion was recorded on gold holdings. The profit on foreign currency positions amounted to CHF 0.1 billion and the profit on Swiss franc positions stood at CHF 0.9 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 2016

2017-07-01

by SNB

2017-07-01

Summary of the 2016 banking year. In 2016, 226 of the 261 banks in Switzerland reported a profit, taking total profit to CHF 11.8 billion. The remaining 35 institutions recorded an aggregate loss of CHF 3.9 billion. The result of the period for all banks was thus CHF 7.9 billion.

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SNB Monetary Policy Assessment June 2017 and Comments

2017-06-15

by SNB

2017-06-15

Swiss National Bank releases updated banknote app

2017-05-17

by SNB

2017-05-17

The Swiss National Bank (SNB) is releasing an app for mobile devices, designed to help the public familiarise themselves with the new banknotes. The app – an updated version of the ‘50-franc’ app launched last year to accompany the issue of the new 50-franc note – is now called ‘Swiss Banknotes’ and can be downloaded free of charge from the Apple (itunes.apple.com) and Google Play (play.google.com) app stores.

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SNB posts 7.9 billion CHF Profit in Q1

2017-04-27

by George Dorgan

2017-04-27

SNB Results in the first 1 Quarters 2017: +2.2 billion CHF

The SNB reports a profit of 7.9 bn CHF, of which 2.2 bn come from the gold holdings. Given that the bank has introduced a "minimum euro rate" around 1.06-1.07, this is not very difficult. It comes at the price of continuing interventions.

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SNB Monetary Policy Assessment March 2017: EUR/CHF lower again

2017-03-16

by George Dorgan

2017-03-16

Conditional Inflation Forecast, March 2017

The EUR/CHF collapsed after the monetary assessment meeting of the Swiss National Bank. The SNB did not fulfill the wishes of currency traders with a more dovish policy, i.e. with lower rates or the thread of stronger interventions.

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