SNB profits halve in 2012

Swiss National Bank headquarters in Bern

The Swiss National Bank (SNB) today (January 17) revealed its expected profits for the financial year 2012 to be six billion Swiss francs ($6.42 billion), less than half the figure for 2011.

In 2011, the SNB posted profits of Sfr13 billion, marking a substantial improvement on 2010 when the central bank accrued losses of Sfr19.2 billion. The 2012 profits do, however, represent a backward slide on the figures for the first three quarters of the year, which hit Sfr16.9 billion in October 2012.

The

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: