Swiss central bank posts record profit of nearly $90bn

Schweizer Radio und Fernsehen (SRF)

Lean Left

Factuality

Ownership

The Swiss National Bank makes a profit – the European Central Bank loses it. How does this fit together?

RTÉ

Center

Factuality

Ownership

Swiss central bank posts record profit of nearly $90bn

The Swiss National Bank posted a record annual profit of 80.7 billion Swiss francs ($89.50 billion) in 2024, the central bank said today, riding on the back of booming equity markets, rising gold prices and a stronger US dollar.

Le Temps

Factuality

Ownership

The rise of the dollar and the euro inflated the profit of the National Bank last year, as well as the performance of gold and of the great American technological values, very present in its portfolioThe Swiss National Bank (SNB) detailed this Monday how it achieved a profit of 80 billion francs in 2024, after two years of loss. Its positions in foreign currencies brought it back 67 billion, thanks to the increase of the euro and the dollar agai…

hnonline.sk

Factuality

Ownership

After losses in 2022 and 2023, the Swiss central bank returned to profit last year, setting a new record. The Swiss National Bank (SNB) said on Monday that the profit was contributed by rising stock markets, rising gold prices and a stronger US dollar. Reuters reports. The SNB announced that it had recorded a profit of 80.7 billion Swiss francs (85.91 billion euros) for 2024. This significantly surpassed the previous record from 2017, when its p…

Handelszeitung

Factuality

Ownership

The reinsurer Swiss Re recorded solid results last year, despite the costs incurred due to natural disasters and the accumulation of large reserves. Shareholders will see their dividend increase by 55 cents to $7.35 per share.