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The Swiss National Bank (SNB) reported a final loss of CHF 132.5 billion for 2022. In 2021, it made a profit of 26.3 billion TL.
The loss in foreign exchange positions was CHF 131.5 billion and the loss in Swiss franc positions was CHF 1.0 billion. Meanwhile, gold holdings resulted in a valuation increase of CHF 0.4 billion, as SNB announced on Monday.
However, the numbers are not surprising: SNB reported a temporary loss of about 132 billion at the beginning of January. As it is known, the federal government and the cantons are left empty-handed due to high losses. Dividends – usually CHF 15 per share – are also not paid to shareholders.
The SNB also determined the allocation to foreign exchange reserves provisions for the past financial year at CHF 9.6 billion. Taking into account the current distribution reserve of CHF 102.5 billion, this results in a cumulative loss of CHF 39.5 billion. Distribution reserves are currently minus 39.5 billion. (AWP)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
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