SNB predicts rise in profits for 2021

Early estimate suggests profits will be up around Sfr5 billion on 2020 figure

The Swiss National Bank
Louis Rafael Rosenthal

The Swiss National Bank estimates its 2021 profits rose around 25% relative to 2020, in provisional calculations released today (January 7).

The central bank says it expects to register a profit of Sfr26 billion ($28.2 billion) in the 2021 financial year, up from Sfr20.9 billion in 2020.

The SNB made a small loss on its gold holdings, of Sfr0.1 billion, while its Swiss franc positions rose by more than Sfr1 billion. Foreign currency positions accounted for the bulk of the profit.

The SNB will

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