The Swiss National Bank (SNB) reported a profit of 25,2 billion francs for the first half of 2026. After posting a multi-billion-franc loss a year earlier, the central bank benefited from rising equity markets and positive exchange rate effects. However, the SNB cautioned against drawing premature conclusions for the full year.
The headquarters of the Swiss National Bank in Bern. (Image: zVg)
Friday, 31 July 2026 07:37
A profit of 25 billion francs in six months: The Swiss National Bank delivered a sharp turnaround thanks to its foreign currency investments. The result was partly offset by a decline in the value of its gold holdings, according to the interim report published on Friday.
The largest contribution came from the SNB's foreign currency positions, which generated a profit of 31,7 billion francs. This was driven primarily by capital gains on equity securities and instruments amounting to 22,9 billion francs, as well as positive exchange rate effects of 2,5 billion francs. Interest and dividend income totalled a further 8,4 billion francs.
