Swiss central bank posts CHF62.5bn profit

The Swiss National Bank (SNB) has generated a CHF62.5 billion profit in the first nine months of this year. + Get the most important news from Switzerland in your inbox Following a profit of CHF56.8 billion in the first half of the year, this resulted in a plus of CHF5.7 billion francs in the third quarter. While the SNB achieved a plus of CHF52.4 billion on its foreign currency positions in the first three quarters, there was a valuation gain of CHF16.6 billion on its gold holdings, which remained unchanged in terms of volume. In contrast, the Swiss franc positions recorded a loss of CHF6.2 billion. + Read more: should the SNB give more cash back to the state? Distributions not impossible According to the latest profit figures, a distribution to the Confederation and cantons cannot be ruled out. According to UBS economists, the SNB would have to generate a profit of at least CHF65 billion for a minimum distribution in 2024 as a whole - i.e. slightly more than the current result ...