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Published 9 days ago

The NCB generated 58.8 billion francs in earnings in the first quarter

Summary by Le Temps
Foreign currency positions and gold stock contributed to first-quarter earnings 2024The Swiss National Bank (SNB) posted a net profit of 58.8 billion francs between January and the end of March, after closing 2023 with a loss of 3.2 billion francs. The price stability guarantor had also started the previous year with a gain of almost 27 billion francs, deducted in the following two quarters and ended up in deficit. This year’s performance was ma…

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Le TempsLe Temps

The NCB generated 58.8 billion francs in earnings in the first quarter

Foreign currency positions and gold stock contributed to first-quarter earnings 2024The Swiss National Bank (SNB) posted a net profit of 58.8 billion francs between January and the end of March, after closing 2023 with a loss of 3.2 billion francs. The price stability guarantor had also started the previous year with a gain of almost 27 billion francs, deducted in the following two quarters and ended up in deficit. This year’s performance was ma…

9 days ago
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