CHF 132 billion loss: the Swiss central bank does not pay out any profits

CHF 132 billion loss: the Swiss central bank does not pay out any profits

As the central bank announced on Monday in Bern, the profit distribution to the federal government and the cantons will be canceled. In 2021, there was still an annual profit of CHF 26 billion, which made it possible to pay a dividend of CHF 6 billion to the public sector. The annual result of the central bank is largely dependent on the development of the gold, foreign exchange and capital markets. Therefore there are strong fluctuations. In recent years, however, there has always been a plus in the annual balance sheet, despite the sometimes massively negative quarterly results. In 2019, the SNB generated 49 billion francs, in the corona year 2020 21 billion.

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Source: Nachrichten

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