80 billion profit for the SNB in 2024
CHF 3 billion will be distributed to the Confederation and the cantons, while the distribution reserve is back in the positive
The Swiss National Bank (SNB) has announced that it will post an operating profit in the order of CHF 80 billion for 2024, according to provisional figures. This positive result is mainly due to a profit of around CHF 67 billion on foreign currency positions and a capital gain of CHF 21.2 billion on gold holdings. However, the Swiss franc positions generated a loss of CHF 7.4 billion.
As a result of the gain, CHF 11.6 billion will be set aside for currency reserves. In addition, the SNB reports that, despite a negative distribution reserve of CHF 53.2 billion, the net profit will be around CHF 16 billion. This will make it possible to pay out a maximum dividend of CHF 15 per share, as stipulated by law, and to distribute CHF 3 billion to the Confederation and the cantons.
Federalism: A comparative analysis between Switzerland and other federal countriesAccording to the agreement concluded with the Federal Department of Finance on 29 January 2021, one-third of the CHF 3 billion will be distributed to the Confederation and two-thirds to the cantons. After these payments, the distribution reserve will turn positive again, reaching approximately CHF 13 billion.
The full report with the final figures will be published on 3 March 2025, while the Annual Report will be available on 18 March 2025.
Fonte: SNB BNS
