Swiss National Bank reports fall in income

- Central Banking staff
- 04 Apr 2003

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Swiss National Bank Financial Statements and Annual Report 2002. The SNB reported a fall in aggregate income during 2002, however this was partially offset from receipts of Sfr 1.53 billion from gold transactions and the revaluation of gold holdings.

Source: Swiss National Bank press release

Aggregate income much lower - reduction in distributable provisions.

The Swiss National Bank's aggregate income fell markedly during the 2002 financial year, to Sfr 2.25 billion, compared with Sfr 4.05 billion

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