The Swiss National Bank published provisional annual result figures indicating a profit in the order of CHF 80 billion for the 2024 financial year. After allocating CHF 11.6 billion to provisions for currency reserves and taking account of a negative distribution reserve of CHF 53.2 billion, net profit is expected to be around CHF 16 billion, enabling a dividend of CHF 15 per share and a profit distribution of CHF 3 billion to the Confederation and cantons. The result reflects an estimated profit of around CHF 67 billion on foreign currency positions and a valuation gain of CHF 21.2 billion on gold holdings, partly offset by a loss of CHF 7.4 billion on Swiss franc positions. The CHF 3 billion distribution follows the 29 January 2021 agreement between the Federal Department of Finance and the SNB, with one-third allocated to the Confederation and two-thirds to the cantons; after these payments, the distribution reserve is expected to be around CHF 13 billion. Definitive figures for the annual result are scheduled for release on 3 March 2025, with the Annual Report to follow on 18 March 2025.
Swiss National Bank 2025-01-09
Swiss National Bank expects around CHF 80 billion profit for 2024 and plans CHF 3 billion distribution to Confederation and cantons
The Swiss National Bank reported a provisional profit of CHF 80 billion for 2024, with net profit expected at CHF 16 billion after allocations. This enables a CHF 15 per share dividend and a CHF 3 billion distribution to the Confederation and cantons. The profit includes CHF 67 billion from foreign currency positions and a CHF 21.2 billion gain on gold, offset by a CHF 7.4 billion loss on Swiss franc positions.