Swiss Central Bank Posts Bumper $23bn Profit as Gold, Foreign Assets Soar
The central bank’s year-to-date profit rose to 44.2 billion francs, increasing the chance of payouts to Swiss federal and local governments.
- On Friday, The Swiss National Bank reported a profit of 19.1 billion Swiss francs in the third quarter, driven by gains in gold and foreign currency holdings.
- The SNB's year-to-date profit reached 44.2 billion francs, equivalent to around $53.8 billion, raising the prospect of a payout to Swiss federal and local governments at year-end.
- At the end of the third quarter, 61% of foreign currency reserves were allocated to government bonds, with 28% in equities and 11% in other bonds; currency exposure was 39% in euros and 37% in U.S. dollars.
- The SNB prioritizes price stability in Switzerland under its monetary policy mandate, which means "the monetary policy mandate always has highest priority," potentially overriding profit considerations.
- Unlike many other major central banks, The SNB's large equity portfolio makes it an outlier; the Federal Reserve and Bank of England do not typically invest directly in equity markets.
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The Swiss National Bank (SNB) recorded a profit of 44.2 billion Swiss francs during the period January-September 2026, thanks mainly to the positive performance of foreign currency investments and developments in international stock markets. According to official data published by the Swiss National Bank (SNB), foreign currency investments generated a profit of 43.3 billion francs. Of this amount, 29.8 billion francs are the result of changes in…
After nine months of 2026, the Swiss National Bank reports a profit of 44.2 billion Swiss francs.
The Swiss National Bank (SNB) reported on Friday a profit of 19.1 billion Swiss francs (23.3 billion dollars) in the third quarter of 2026, due to gains from gold reserves and foreign-denominated assets, reports CNBC, News.ro. Cumulative profit for the first nine months of the year reached 44.2 billion francs, the equivalent of about 53.8 billion dollars.
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