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.