The Traderszone Network

Published in TZ Latest News 5 March, 2017 by The TZ Newswire Staff

SNB reports a 2016 final profit of CHF 24.5bln vs CHF 23.3bln loss in 2015

Final annual results for the Swiss National Bank now published 6 March
– profit on foreign currency positions amounted to CHF 19.4 billion vs loss of 19.9bln prev
For the financial year just ended, the SNB has set the allocation to the provisions for currency
reserves at CHF 4.6 billion. After taking into account the distribution reserve of CHF 1.9
billion, net profit comes to CHF 21.7 billion.