by Confederation and cantons to receive distribution of CHF 4 billion According to provisional calculations, the Swiss National Ban k will report a profit in the order of CHF 21 billion for the 2020 financial year. The profit on foreign currency posi ti ons amounted to CHF 13 billion. A valuation gain of CHF 7 billion was recorded on gold holdings. The net r esult on Swiss franc posit ions amounted to over CHF 1 billion. The allocation to the provisions for currency reserves will be CHF 6.3 billion. After taking into account the distribution reserve of CHF 84.0 billi on, the net profit will be in the region of CHF 98 billion. This will allow a dividend payment of CHF 15 per share, which corresponds to the legally stipulated maximum amount, as well as a profit
Topics:
Swiss National Bank considers the following as important: 1) SNB and CHF, 1.) SNB Press Releases, Featured, newsletter
This could be interesting, too:
Marc Chandler writes Sterling and Gilts Pressed Lower by Firmer CPI
Ryan McMaken writes A Free-Market Guide to Trump’s Immigration Crackdown
Wanjiru Njoya writes Post-Election Prospects for Ending DEI
Swiss Customs writes Octobre 2024 : la chimie-pharma détermine le record à l’export
Confederation and cantons to receive distribution of CHF 4 billion
According to provisional calculations, the Swiss National Ban k will report a profit in the order of CHF 21 billion for the 2020 financial year. The profit on foreign currency posi ti ons amounted to CHF 13 billion. A valuation gain of CHF 7 billion was recorded on gold holdings. The net r esult on Swiss franc posit ions amounted to over CHF 1 billion.
The allocation to the provisions for currency reserves will be CHF 6.3 billion. After taking into account the distribution reserve of CHF 84.0 billi on, the net profit will be in the region of CHF 98 billion. This will allow a dividend payment of CHF 15 per share, which corresponds to the legally stipulated maximum amount, as well as a profit distribution to the Confederation and the cantons totalling CHF 4 billion.
The overall profit distribut ion to the Confederation and cantons of CHF 4 billion is made up of t he distributio n in accordance with the current agreement of 2016 between the Federal Department of Finance and the SNB, and the supplementary distribution for the 2019 and 2020 financial years pursuant to the supplementary agreement of 2020.
Of the total amount to be distributed (CHF 4 billi on), one-third is allocated to the Confederation and two-thirds to the cantons. After these payments, the distribut ion reserve will amount to around CHF 94 billion.
A detailed report on the annual result with definitive figures will be released on 1 March 2021; the Annual Report will be published on 22 March 2021.
You Might Also Like
Fed and ECB Money Printing Helps SNB Back into Positive Territory
2020-08-03
Fed and ECB money printing and massive fiscal stimulus help the SNB to come back into positive territory for the year.
The renewed asset price inflation compensate for losses on the US dollar.
U.S. dollar liquidity-providing operations from 1 September 2020
2020-08-21
In view of continuing improvements in U.S. dollar funding conditions and the low demand at recent 7-day maturity U.S. dollar liquidity-providing operations, the Bank of England, the Bank of Japan, the European Central Bank and the Swiss National Bank, in consultation with the Federal Reserve, have jointly decided to further reduce the frequency of their 7-day operations from three times per week to once per week.
Swiss balance of payments and international investment position: Q2 2020
2020-09-23
In the second quarter of 2020, the current account surplus amounted to CHF 10 billion; in the same quarter of 2019 it was CHF 21 billion. This decline was principally due to lower receipts from direct investment abroad. While the goods trade balance and the services trade balance changed only marginally, there was a significant decrease in receipts and expenses.
Adjustments to publication of data on money and foreign exchange market operations
2020-09-27
Additional data on money market operations and more frequent publication of volume of foreign exchange market interventions
Central banks and BIS publish first central bank digital currency (CBDC) report laying out key requirements
2020-10-09
Seven central banks and the BIS release a report assessing the feasibility of publicly available CBDCs in helping central banks deliver their public policy objectives. Report outlines foundational principles and core features of a CBDC, but does not give an opinion on whether to issue.
2020-10-30 – Swiss Financial Accounts: quarterly data published for first time
2020-10-30
The Swiss National Bank is expanding its data offering with respect to Switzerland’s financial accounts. It will now publish quarterly as well as annual data, and the time to publication will be shortened from ten to four months.
SNB Profit in Q1 to Q3 2020: CHF 15.1 billion Despite Covid19
2020-10-31
The Swiss National Bank reports a profit of CHF 15.1 billion for the first three quarters of 2020. We explain why these profits are possible.
Issuance calendar for Confederation bonds and money market debt register claims in 2021
2020-12-02
The Swiss National Bank (SNB) and the Federal Finance Administration (FFA) advise as follows:
Tags: Featured,newsletter