by 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: 1) SNB and CHF, 1.) SNB Press Releases, Featured, newsletter
This could be interesting, too:
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
Per Bylund writes Bitcoiners’ Guide to Austrian Economics
Ron Paul writes What Are We Doing in Syria?
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 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.
You Might Also Like
Swiss balance of payments and international investment position: Q3 2021
2021-12-22
In the third quarter of 2021, the current account surplus amounted to CHF 24 billion, CHF 10 billion more than in the same quarter of 2020. The increase was mainly attributable to the significantly higher receipts surplus in goods trade. This surplus was due to traditional goods trade (foreign trade total 1), non-monetary gold trading, as well as to merchanting.
Monetary policy assessment of 16 December 2021: Swiss National Bank maintains expansionary monetary policy
2021-12-17
The SNB is maintaining its expansionary monetary policy. It is thus ensuring price stability and supporting the Swiss economy in its recovery from the impact of the coronavirus pandemic. It is keeping the SNB policy rate and interest on sight deposits at the SNB at −0.75%, and remains willing to intervene in the foreign exchange market as necessary, in order to counter upward pressure on the Swiss franc.
Börse – Profiteure des Tiefzinszeitalters: Die besten Aktien in der Schweiz und USA in den letzten zehn Jahren
2021-12-13
Wer als Schweizer oder Schweizerin im Jahr 2011 im Euroraum Sommerferien machte, merkte plötzlich: Jeden Tag wird alles rasant billiger. Der Euro, der Anfang Juli noch 1,23 Franken gekostet hatte, stürzte bis zum 10. August auf 1,0070 Franken ab. Es waren dramatische Tage an den Märkten und eine Folge der sich ausweitenden Eurokrise – was die Schweizerische Nationalbank im September 2011 dazu veranlasste, die Kursuntergrenze von 1,20 Franken zum Euro einzuführen.
Swiss National Bank, Banque de France and BIS conclude successful cross-border wholesale CBDC experiment
2021-12-09
Central bank digital currencies (CBDCs) can be used effectively for international settlements between financial institutions, as shown in the newest wholesale CBDC experiment concluded by the Swiss National Bank (SNB), the Banque de France (BdF) and the Bank for International Settlements (BIS).
Interim results of the Swiss National Bank as at 30 September 2021
2021-10-29
The Swiss National Bank reports a profit of CHF 41.4 billion for the first three quarters of 2021. The profit on foreign currency positions amounted to CHF 42.2 billion. A valuation loss of CHF 1.3 billion was recorded on gold holdings. The profit on Swiss franc positions amountedto CHF 0.8 billion.
Swiss balance of payments and international investment position: Q2 2021
2021-09-23
In the second quarter of 2021, the current account surplus amounted to almost CHF 11 billion, CHF 7 billion higher than in the same quarter of 2020. The rise was mainly attributable to a higher receipts surplus in goods trade.
Personalien – SNB-Präsident Jordan nach medizinischem Eingriff in Auszeit
2021-08-24
Der Eingriff habe sich nach einer Vorsorgeuntersuchung als notwendig erwiesen und sei erfolgreich verlaufen, teilte die Schweizerische Nationalbank (SNB) am Montag mit. Thomas Jordan befinde sich in guter Verfassung.
Devisen: Eurokurs etwas gefallen – Dollar zieht auch zum Franken an
2021-08-05
Auch zum der Franken kann sich der Dollar erholen und wird aktuell zu 0,9066 Franken gehandelt, nachdem er im frühen Geschäft bis 0,9036 gesunken war. Entsprechend ist der Euro zum Franken nicht weiter gefallen und kostet kaum verändert 1,0737 Franken.
Tags: Featured,newsletter