The Swiss National Bank (SNB) will close the 2024 financial year with a profit of around 80 billion francs. It will distribute 3 billion francs to the Confederation and the cantons after two years without payment.
In 2023, the SNB recorded a loss of 3.2 billion francs, depriving the Confederation and the cantons of any distribution last year. In 2022, the SNB had already abstained from any payments, when in 2021, six billion francs had been redistributed to the Confederation and the cantons.
This year, one billion francs will go to the Confederation and a sum of 2 billion will be allocated to the cantons.
>> Read also: Confederation and cantons will once again do without the contribution of the SNB
Foreign currencies and gold
Positions in foreign currencies generated a gain of around 67 billion francs, according to provisional figures published Thursday by the guardian of the franc. The gold stock, for its part, generated a capital gain of 21.2 billion francs.
-Conversely, positions in francs recorded a loss of 7.4 billion francs. The allocation to the provision for monetary reserves will amount to 11.6 billion francs. After taking into account the negative reserve for future distributions of 53.2 billion, the profit recorded on the balance sheet will stand at around 16 billion francs.
“It is therefore possible to proceed with the payment of a dividend of 15 francs per share, which corresponds to the maximum provided for by law, as well as the distribution of a total amount of 3 billion francs to the Confederation and the cantons,” added the SNB. At the end of the payments to the Confederation and the cantons, the reserve for future distributions will amount to approximately 13 billion francs.
The detailed report on the results for the 2024 financial year, including the final figures, will be published on March 3. The management report will be published on March 18.
ats/cab
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