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Annual result of the Swiss National Bank for 2014
The Swiss National Bank (SNB) is reporting a profit of CHF 38.3 billion for the year 2014 (2013: loss of CHF 9.1 billion). The profit on foreign currency positions amounted to CHF 34.5 billion. A valuation gain of CHF 4.1 billion was recorded on gold holdings. For the financial year just ended, the SNB has set the allocation to the provisions for currency reserves at CHF 2.0 billion. The distributable profit remaining after this allocation is CHF 36.3 billion, which will be offset against the negative distribution reserve of CHF 6.8 billion. With the remaining profit, dividends can be paid and the ordinary ... (full story)