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SNB to increase gold reserves by end of 2025?
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Swiss National Bank's official financial statements
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Swiss National Bank Projects Record 2024 Profit of 80 Billion Francs, Plans 3 Billion CHF Distribution
Jan 9, 2025, 10:34 AM
The Swiss National Bank (SNB) has reported a projected profit of approximately 80 billion Swiss francs for the year 2024, marking a significant turnaround after two consecutive years of losses. The bank attributes this record profit to increases in stock prices, the value of the U.S. dollar, and rising gold prices. As a result, the SNB plans to distribute 3 billion francs to the federal government and cantons. This announcement indicates a positive shift for stakeholders following a period of financial austerity.
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