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Swiss National Bank expects annual loss of CHF 15 billion
According to provisional calculations, the Swiss National Bank (SNB) will report a loss in the order of CHF 15 billion for the 20 18 financial year. The loss on foreign currency positions amounted to CHF 16 billio n. A valuation loss of CHF 0.3 billion was recorded on gold holdings. The net result on Swiss franc positions amounted to CHF 2 billion. The allocation to the provisions fo r currency reserves will be approximately CHF 5.4 billion. After taking into account the distribution reserve of CHF 67.3 billion, the net profit will be in the region of CHF 47 billion. This will allow a dividend payment of CHF 15 per ... (full story)
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