Swiss National Bank Reports 19.1 Billion Franc Third Quarter Profit Driven by Gold and Foreign Assets
The Swiss National Bank (SNB) reported a third-quarter profit of 19.1 billion Swiss francs ($23.3 billion), bolstered significantly by gains in gold and foreign currency positions. This brings the bank's year-to-date profit to 44.2 billion francs, potentially increasing the likelihood of dividend payouts to Swiss federal and local governments at year-end. Despite the substantial quarterly gain, the profit represents a nearly 32% decline compared to the same period last year. The results reflect high volatility in gold prices following a massive rally in 2025, as well as shifts in foreign currency reserves which are heavily weighted toward government bonds and international equities.
Topics: Foreign Exchange Gold Prices Monetary Policy Quarterly Profit Swiss National Bank
Part of the story Swiss National Bank Reports 19.1 Billion Franc Third Quarter Profit Driven by Gold and Foreign Assets (4 articles)