SNB expects $23.5 billion profit in 2020

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The Swiss National Bank forecasts it will record a Sfr21 billion ($23.5 billion) profit in 2020, according to provisional calculations.

The central bank’s main source of profit stems from its foreign currency positions, which account for Sfr13 billion in profits. Additionally, the SNB’s gold holdings increased in value by Sfr7 billion over the last year, while the net result on local currency positions yielded a Sfr1 billion return.

“This will allow a dividend payment of Sfr15 per share, which

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