Following a profit of CHF56.8 billion in the first half of the year, this resulted in a plus of CHF5.7 billion francs in the third quarter.
While the SNB achieved a plus of CHF52.4 billion on its foreign currency positions in the first three quarters, there was a valuation gain of CHF16.6 billion on its gold holdings, which remained unchanged in terms of volume. In contrast, the Swiss franc positions recorded a loss of CHF6.2 billion.
According to the latest profit figures, a distribution to the Confederation and cantons cannot be ruled out. According to UBS economists, the SNB would have to generate a profit of at least CHF65 billion for a minimum distribution in 2024 as a whole – i.e. slightly more than the current result after nine months.
More
More
SNB reports half-year profit as strong stocks offset franc gains
This content was published on
The Swiss National Bank made a solid six-month profit on rising equities and gold prices, keeping hopes alive of resumed payouts to the government.
However, a lot can still happen in the fourth quarter. As usual, the SNB also emphasises that its result is largely dependent on the performance of the gold, foreign exchange and capital markets. Strong fluctuations are therefore the rule and conclusions from the interim result to the annual result for 2024 are only possible to a limited extent.
Last year, for example, the SNB also posted a high profit in the first quarter (CHF26.9 billion), but then had to report a loss of CHF3.2 billion at the end of the year.
Translated from German by DeepL/mga
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, if you want to learn more about how we use technology, click here, and if you have feedback on this news story please write to english@swissinfo.ch.
Popular Stories
More
Foreign affairs
Go to war or stay put? Ukrainian men in Switzerland face fresh dilemmas
Should raw milk sales be banned or should consumers decide?
Swiss food regulations do not allow raw milk to be sold for direct consumption. However, a loophole allows 400 raw milk vending machines to do just that.
Scientists explain Lake Geneva’s unique carbon footprint
This content was published on
Swiss scientists have unlocked the carbon cycle of Lake Geneva, explaining why it releases CO2 despite containing little organic matter.
Swiss attend Ukraine humanitarian summit in Montreal
This content was published on
Swiss foreign minister Ignazio Cassis is attending a Canadian-hosted conference that will focus on humanitarian issues in war-torn Ukraine.
US Treasury sanctions two Swiss lawyers for aiding Russian clients
This content was published on
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has added two Swiss lawyers to the sanctions list.
Swiss National Bank launches competition to design new banknotes
This content was published on
The Swiss National Bank (SNB) is launching a competition to design a new banknote series on the theme of “Switzerland and its altitudes”.
Swiss federal prosecutor receives Credit Suisse papers on Mozambique scandal
This content was published on
The Office of the Attorney General of Switzerland has received documents from Credit Suisse relating to the Mozambique debt scandal.
Roger Federer gives up boathouse plans amid public pushback
This content was published on
Roger Federer has decided not to build the planned boathouse on the banks of his villa in the town of Rapperswil-Jona on Lake Zurich.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.