Swiss National Bank projects CHF 26 billion annual profit for 2025
The Swiss National Bank (SNB) expects an annual profit of approximately CHF 26 billion for the fiscal year 2025, based on provisional calculations. This will enable a profit distribution of CHF 4 billion to the federal government and cantons.
Gold holdings boost balance sheet
The provisional calculations for 2025 indicate a substantial valuation gain of CHF 36.3 billion on gold holdings.
This gain significantly offsets a loss of approximately CHF 9 billion on foreign currency positions and a loss of CHF 0.9 billion on Swiss franc positions.
An allocation of CHF 12.7 billion will be made to the provisions for currency reserves.
After considering the existing distribution reserve of CHF 12.9 billion, the SNB projects a balance sheet profit of around CHF 26 billion for the year.
CHF 4 billion for public entities
This projected balance sheet profit enables a dividend payment of CHF 15 per share, which is the maximum amount stipulated by law.
Additionally, a total profit distribution of CHF 4 billion will be made to the federal government and the cantons.
This distribution adheres to the agreement between the Federal Department of Finance and the SNB from January 29, 2021.
The federal government will receive one-third of the amount, with the remaining two-thirds going to the cantons.
Following these payments, the distribution reserve is expected to stand at approximately CHF 22 billion.
A solid financial footing
The substantial profit underscores the SNB's robust financial health, primarily driven by its significant gold holdings.
While foreign currency losses highlight market volatility, the overall result provides a strong foundation for future operations.
The generous distribution to public entities reflects the central bank's commitment to its stakeholders.