Market volatility weighed on the SNB’s result in the first quarter. A significant loss was recorded on foreign currency positions, partly offset by valuation gains on gold.
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The Swiss National Bank (SNB) achieved a negative result in the first quarter of 2026. The loss for the period from January to March of the current year amounted to 497.9 million Swiss francs.
The SNB's first-quarter results showed market volatility. A significant loss was recorded on foreign currency positions, which was offset by valuation gains on gold.