Monday , January 17 2022
Home / SNB & CHF / Swiss National Bank expects annual profit of around CHF 26 billion for 2021

Swiss National Bank expects annual profit of around CHF 26 billion for 2021

Summary:
Confederation and cantons to receive distribution of CHF 6 billion According to provisional calculations, the Swiss National Bank will report a profit in the order of around CHF 26 billion for the 2021 financial year. The profit on foreign currency positions amounted to just under CHF 26 billion. A valuation loss of CHF 0.1 billion was recorded on gold holdings. The net result on Swiss franc positions amounted to over CHF 1 billion. The allocation to the provisions for currency reserves will be CHF 8.7 billion. After taking into account the distribution reserve of CHF 90.9 billion, the net profit will be over CHF 108 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: , , ,

This could be interesting, too:

Jeffrey P. Snider writes US CPI Reaches Seven On US Goods Prices, With Disinflation Setting In Everywhere Else (incl. US Services)

Benjamin Nadelstein writes Episode 26: Gold in the Time of Coronavirus

Charles Hugh Smith writes The Real Revolution Is Underway But Nobody Recognizes It

Justin Low writes SNB says successfully tested use of digital currency to settle transactions with top investment banks

Swiss National Bank expects annual profit of around CHF 26 billion for 2021Confederation and cantons to receive distribution of CHF 6 billion

According to provisional calculations, the Swiss National Bank will report a profit in the order of around CHF 26 billion for the 2021 financial year. The profit on foreign currency positions amounted to just under CHF 26 billion. A valuation loss of CHF 0.1 billion was recorded on gold holdings. The net result on Swiss franc positions amounted to over CHF 1 billion.

The allocation to the provisions for currency reserves will be CHF 8.7 billion. After taking into account the distribution reserve of CHF 90.9 billion, the net profit will be over CHF 108 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 6 billion.

The overall profit distribution of CHF 6 billion corresponds to the maximum distribution in accordance with the agreement between the Federal Department of Finance and the SNB of 29 January 2021. Of the total amount to be distributed (CHF 6 billion), one-third goes to the Confederation and two-thirds to the cantons. After these payments, the distribution reserve will amount to over CHF 102 billion.

A detailed report on the annual result with definitive figures will be released on 7 March 2022; the Annual Report will be published on 22 March 2022.

Download PDF


Tags: ,
Swiss National Bank
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.

Leave a Reply

Your email address will not be published. Required fields are marked *