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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.

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Articles by SwissNationalBank

Swiss National Bank expects annual loss of CHF 15 billion

8 days ago

Confederation and cantons to receive distribution of CHF 2 billion
According to provisional calculations, the Swiss National Bank (SNB) will report a loss in the order of CHF 15 billion for the 2018 financial year. The loss on foreign currency positions amounted to CHF 16 billio n. A valuation loss of CHF 0.3 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 5.4 billion. After taking into account the distribution reserve of CHF 67.3 billion, the net profit will be in the region of CHF 47 billion. This will allow a dividend payment of CHF 15 per share, which corresponds to the

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