2023: Swiss National Bank (SNB) reports 3.2 billion Swiss franc ($3.62 billion) loss due to positive interest rates and reduced profits.
The Swiss National Bank (SNB) reported a 3.2 billion Swiss franc ($3.62 billion) loss for 2023, the central bank said on Monday. The switch to positive interest rates led to increased costs and reduced profits, causing a loss of 8.5 billion francs on its Swiss franc positions mainly due to interest paid on sight deposits. This comes after the SNB posted a record 132.5 billion franc loss in 2022.
March 04, 2024
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