Swiss National Bank’s profits down in 2025
Losses on FX holdings dwarfed by gold gains to enable bank to post Sfr26.1 billion profit
The Swiss National Bank (SNB) made a Sfr26.1 billion ($33.66 billion) profit in 2025, a significant reduction on the Sfr67.3 billion profit it posted last year.
The bank’s annual results, released yesterday (March 2), detailed a Sfr8.8 billion loss on foreign currency positions, a Sfr36.3 billion gain on gold holdings, a Sfr0.9 billion loss on Swiss franc positions, and operating expenses of Sfr0.4 billion.
The bank wrote that income from interest and dividends amounted to Sfr12.8 billion and Sfr3
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