Swiss National Bank - Annual Report 2008

The Swiss National Bank's balance sheet substantially lengthened in 2008, notes the central bank's latest Annual Report.

The report notes that the range of measures and operation undertaken by the central bank as a response to the financial crisis led to the lengthening of the balance sheet. The central bank showed a SFr4.7 billion ($4.1 billion) loss for 2008, compared with a SFr8 billion ($7 billion) profit for the year before. The report notes that the loss was mainly attributable to the

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