Swiss Central Bank Profits Hit By Strong Franc

2025-04-24 04:07:17

(MENAFN- Swissinfo) The Swiss National Bank (SNB) suffered a fall in net profit in the first three months of the year, due to the poor performance of its foreign currency investments, which the rise in the value of gold was unable to offset. This content was published on April 24, 2025 - 09:13 2 minutes Keystone-SDA

Français fr Bénéfice de la BNS en repli au 1er trimestre Original Read more: Bénéfice de la BNS en repli au 1er trimestr

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Between January and the end of March, the Swiss issuing bank recorded an interim profit – before allocation to the provision for currency reserves – of CHF6.68 billion, more than eight times the annual figure, it announced in a press release on Thursday.

This result is in line with the forecasts of UBS bank economists, who were expecting a profit of between CHF5 and 15 billion, but at the lower end of the range of expectations.

More More Swiss central bank resumes foreign currency buying spree

This content was published on Mar 31, 2025 The Swiss National Bank continued to buy foreign currencies in the fourth quarter of last year.

Read more: Swiss central bank resumes foreign currency buying spre

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