Swiss National Bank expects profits of CHF80 billion in 2024
SNB expects profits of CHF 80 billion in 2024
Keystone-SDA
Select your language
Generated with artificial intelligence.
Listening: Swiss National Bank expects profits of CHF80 billion in 2024
The Swiss National Bank (SNB) will close the 2024 financial year with a profit of around CHF80 billion ($87.7 billion). It will be able to resume distributions to the federal government and cantons, amounting to CHF 3 billion.
This content was published on
2 minutes
Keystone-SDA
Français
fr
La BNS compte sur un bénéfice de 80 milliards de francs en 2024
Original
The SNB’s foreign currency holdings generated a gain of around CHF67 billion, according to provisional figures published by the bank on Thursday. Gold holdings generated a capital gain of CHF21.2 billion.
On the other hand, franc positions recorded a loss of CHF7.4 billion. The provision for currency reserves will amount to CHF11.6 billion. After taking into account the negative reserve for future distributions of CHF53.2 billion, balance sheet profit will amount to some CHF16 billion.
“It is therefore possible to proceed with the payment of a dividend of CHF15 per share, which corresponds to the maximum provided for by law, as well as the distribution of a total amount of CHF3 billion francs to the federal government and the cantons,” added the SNB.
CHF1 billion will go to the federal government and CHF2 billion to the cantons. After these payments, the reserve for future distributions will be around CHF13 billion.
In 2023, the SNB recorded a loss of CHF 3.2 billion, depriving the federal government and cantons of any distributions. In 2022, the SNB had already refrained from making any payments, while in 2021, six billion francs had been redistributed.
The detailed earnings report for the 2024 financial year, including the final figures, will be published on March 3. The Annual Report will be published on March 18.
Adapted from French by DeepL/ac
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, if you want to learn more about how we use technology, click here, and if you have feedback on this news story please write to english@swissinfo.ch.
Popular Stories
More
Life & Aging
Zurich: how the world capital of housing shortages is tackling the problem
Is your place of origin, your Heimatort, important to you?
Every Swiss citizen has a Heimatort, a place of origin, but many have never visited theirs. What’s your relationship with your Heimatort? What does it mean to you?
In Switzerland more people are being referred to electrical therapies or psychedelic-assisted psychotherapy. Are there similar approaches where you live?
Pope was a person full of respect: Swiss president
This content was published on
Swiss president Karin Keller-Sutter, who is attending the funeral of Pope Francis, says the pontiff was always full of respect.
Ex-sect member sentenced in Zurich for sexual abuse
This content was published on
Zurich District Court has sentenced a former member of the globally active sect "Children of God" to a partial prison sentence.
SNB chairman does not rule out slowdown in Swiss growth
This content was published on
Martin Schlegel, chairman of the Swiss National Bank (SNB), does not rule out a weakening of the Swiss economy in light of the tariff dispute.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.