by SNB building in Bern According to provisional calculations, the Swiss National Bank (SNB) expects to make a profit of around CHF 49 billion in 2019. Most of this comes from the rising value of the SNB’s foreign currency positions (+CHF 40 billion) and a valuation gain on gold holdings (+CHF 6.9 billion). After adjusting reserves, the SNB will have CHF 88 billion available for distribution. Since the announcement SNB shares have risen 2% to CHF 5,600. The central bank plans to pay a dividend of CHF 15 per share, a total payment of CHF 1.5 million, representing a yield of 0.3%. CHF 15 per share is the maximum dividend payment the central bank can legally make. In addition, it will pay CHF 2 billion to the federal government and cantons. The federal government will
Topics:
Investec considers the following as important: 1) SNB and CHF, Business & Economy, Business & Economy, Editor's Choice, Featured, newsletter, Personal finance, Swiss National Bank, Swiss National Bank profit, Swiss National Bank profit 2019
This could be interesting, too:
Dirk Niepelt writes “Report by the Parliamentary Investigation Committee on the Conduct of the Authorities in the Context of the Emergency Takeover of Credit Suisse”
Investec writes Federal parliament approves abolition of imputed rent
Nachrichten Ticker - www.finanzen.ch writes Krypto-Ausblick 2025: Stehen Bitcoin, Ethereum & Co. vor einem Boom oder Einbruch?
Connor O'Keeffe writes The Establishment’s “Principles” Are Fake
SNB building in Bern
According to provisional calculations, the Swiss National Bank (SNB) expects to make a profit of around CHF 49 billion in 2019.
Most of this comes from the rising value of the SNB’s foreign currency positions (+CHF 40 billion) and a valuation gain on gold holdings (+CHF 6.9 billion).
After adjusting reserves, the SNB will have CHF 88 billion available for distribution.
Since the announcement SNB shares have risen 2% to CHF 5,600.
The central bank plans to pay a dividend of CHF 15 per share, a total payment of CHF 1.5 million, representing a yield of 0.3%. CHF 15 per share is the maximum dividend payment the central bank can legally make.
In addition, it will pay CHF 2 billion to the federal government and cantons. The federal government will receive one third of this sum and the cantons the remaining two thirds. This sum was increased from CHF 1 billion in 2015.
Cantons holding shares in the SNB will receive small dividends payments on top of these payments. Cantons with the largest shareholdings include Bern (6,630), Zurich (5,200), Vaud (3,401) and St. Gallen (3,002). Bern will receive a CHF 99,450 dividend payment.
It’s worth remembering that the SNB doesn’t always make a profit. In the first half of 2015 it lost CHF 50 billion.
Tags: Business & Economy,Editor's Choice,Featured,newsletter,Personal finance,Swiss National Bank,Swiss National Bank profit,Swiss National Bank profit 2019