SNB expects $50 billion profit in 2019
Rising gold prices and foreign currency assets boosted profits, Swiss National Bank says
The Swiss National Bank expects strong profits of Sfr49 billion ($50 billion) in 2019, in large part due to the rising value of its foreign-currency assets, it said today (January 9).
This will allow the central bank to transfer Sfr2 billion to the Swiss confederation and the country’s regional governments, or cantons. This is the maximum level included in the SNB’s agreement with the Federal Department of Finance that regulates these annual transfers. Nonetheless, the good result “would allow
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