The Swiss National Bank (SNB) says it expects to report a loss of about CHF15 billion ($15.3 billion) for 2018, mainly because of a weak performance of foreign currency positions.
This content was published on
1 minute
swissinfo.ch/ug
Español
es
Pérdidas por 15 000 millones en banco central suizo
In a report on provisional annual calculations, the SNB said on Wednesday that the federal and cantonal authorities would nonetheless still benefit a CHF2 billion payment – two-thirds of which will go to the 26 cantons.
Observers said the annual result was widely expected as the SNB reported a loss of nearly CHF8 billion in September. The leading Swiss commercial bank, UBS, on Monday estimated the central bank loss at CHF14 billion.
“After taking into account the distribution reserve of CHF67.3 billion, the net profit will be in the region of CHF47 billion,” the SNB said in a statementExternal link.
The result allows a dividend payment of CHF15 per share, according to the bank.
A detailed report on the annual result is due to be released at the beginning of March.
Last year, the SNB reported a record surplus of CHF54.4 billion.
More
More
Swiss franc still highly valued, but no policy change
This content was published on
The Swiss franc, investment in arms, and the housing market were some of the issues the government discussed with the SNB chairman.
University students in Switzerland join Gaza protest wave
This content was published on
Pro-Palestinian activists occupied university buildings in Lausanne, Geneva and Zurich on Tuesday, widening the protest movement in the Alpine nation.
TradeXBank to resume full operations after Sberbank Switzerland taken off sanctions list
This content was published on
TradeXBank, the former Swiss branch of Russia’s Sberbank, will be able to resume its dollar-denominated activities from the second half of this year.
Geneva decides not to remove controversial memorials
This content was published on
The city of Geneva has presented an action plan regarding a series of controversial local statues and monuments of historical figures linked to racism, colonialism or slavery.
University of Lausanne calls for end to pro-Palestine sit-in
This content was published on
The pro-Palestinian occupation continues at the University of Lausanne (UNIL). On Monday evening, a group of students refused to agree to the deadline set by the rectorate.
Ukraine peace conference should include Russia, says Chinese ambassador
This content was published on
China supports a peace conference on the Ukraine war that would see equal participation of all parties, says Chinese Ambassador to Russia Zhang Hanhui.
This content was published on
A majority of Swiss citizens have open attitudes towards various infertility treatments, including even egg donation, which is currently prohibited.
Reports of Swiss cyber fraud almost doubled in six months
This content was published on
The head of the new Federal Office for Cybersecurity (FOC), Florian Schütz, has presented a new strategy after just over four months in office.
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.
Read more
More
Study finds Swiss economy is looking up, but risks abound
This content was published on
Switzerland's GDP is on track this year to increase by 2.9%, according to a forecast by Zurich's KOF Swiss Economic Institute published Wednesday.
Digital currencies too early for Swiss central bank
This content was published on
Cryptocurrencies are currently far too early stage for the Swiss central bank to consider issuing a digital franc, says SNB board director Thomas Moser.
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.