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Swiss Central Bank Profits Boosted by Gold Price Surge

  • The Swiss National Bank reported a profit of CHF 12.6 billion for the nine-month period ending in October 2025.
  • The SNB's third-quarter profit reflected a significant increase of CHF 27.9 billion after a loss earlier in the year.
  • A valuation gain of CHF 22.9 billion on gold holdings contributed to the profit, while foreign currency positions resulted in a loss of CHF 9 billion.
  • The SNB noted that its results depend heavily on gold, foreign exchange, and capital markets, indicating fluctuations are common.
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Swiss central bank profits boosted by gold price surge

Switzerland's central bank on Friday reported a profit of 12.6 billion Swiss francs ($15.7 billion) for the first nine months of 2025, boosted by soaring gold prices and rising stock markets.

The Swiss National Bank (SNB) achieved a profit in the first nine months of 2025. However, it is only at the end of the year that it decides whether distributions to the federal government and cantons are possible.

The SNB recorded a profit of 12.63 billion francs in the first nine months of 2025, a dramatic reversal compared to the first half of the year.The Swiss National Bank (SNB) made a profit of 12.63 billion francs in the first nine months of the year, compared to a result in the red of 15.3 billion francs in the first half of the year.The profit realized on foreign currency positions improved but remained in negative territory, from -22.67 billion …

The Swiss National Bank (SNB) posted a profit of 12.63 billion francs in the first nine months of the year, compared with a loss of 15.3 billion in the first half.

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Handelszeitung broke the news in on Friday, October 31, 2025.
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