(Several calculation mistake were corrected) The increasing volatility of SNB Earnings Annual results are not really definite. Given that the SNB accumulates foreign currencies with interventions, they have huge swings. But the SNB may lose 50 billion in one year and win 60 billion in the next year or vice verse SNB Results Longterm 2017 - Click to enlarge Annual result of the Swiss National Bank for 2017 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
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George Dorgan considers the following as important: Featured, newsletter, SNB, SNB balance sheet, SNB equity holdings, SNB Gold Holdings, SNB Press Releases, SNB profit, SNB results, SNB sight deposits, Swiss National Bank
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(Several calculation mistake were corrected)
The increasing volatility of SNB EarningsAnnual results are not really definite. Given that the SNB accumulates foreign currencies with interventions, they have huge swings. But the SNB may lose 50 billion in one year and win 60 billion in the next year or vice verse |
SNB Results Longterm 2017 |
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Income statement for 2017 |
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Profit on foreign currency positions
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SNB Profit on Foreign Currencies |
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Valuation gain on gold holdings
Percentage of gold to balance sheetThe percentage of gold compared to the total balance sheet is falling.
Balance Sheet The balance sheet has expanded by over 68.3 bn. francs by 8.81%.
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SNB Balance Sheet for Gold Holdings for 2017 |
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While the SNB supports foreign stock markets and foreign companies, it does not invest in Swiss stocks.
Profit on Swiss franc positionsThe SNB maintains its profitability, last but not least, thanks to the reduction of the profitability of banks. When too many funds arrive on their accounts, they must deposit them on their sight deposit account at the SNB.
Negative Interest ratesFurthermore, the SNB harms the Swiss economy, when it reduces the profits of Swiss banks by negative interest rates. But with this measure she maintains her own profitability.
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SNB Result for Swiss Franc Positions for 2017 |
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SNB LiabilitiesElectronic Money Printing: Sight Deposits Sight deposits is the biggest part of SNB interventions.
Paper Printing Banknotes in circulation: -1.9 bn francs to 76 bn. CHF
Provisions for currency reserves
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SNB Liabilities and Sight Deposits for 2017 |
Tags: Featured,newsletter,SNB balance sheet,SNB equity holdings,SNB Gold Holdings,SNB profit,SNB results,SNB sight deposits,Swiss National Bank