Swiss National Bank loses CHF 6.7 billion in Q2-2017 due to FX losses LeapRate

July 31, 2017 BY LeapRate Staff

Swiss National Bank loses CHF 6.7 billion in Q2-2017 due to FX losses

The following post is based on research from Arnaud Masset, Market Analyst at Swissquote Group Holding SA (SWX:SQN). For more of Arnaud's research see Swissquote Research. The Swiss National Bank reported a profit of CHF 1.2 billion for the first half of 2017, compared to CHF 7.9 billion for the first quarter. The sharp appreciation of the…

April 30, 2015 BY LeapRate Staff

Swiss National Bank action on January 15 cost it CHF 41 billion

The SNB's just-released Q1 report shows an overall loss of CHF 30 billion ($31 billion), almost all due to foreign currency action.

January 06, 2014 BY Gerald Segal

Swiss National Bank to report 9 CHF billion loss on FX reserves for 2013

The sharp drop in gold prices is to blame for the underperformance of the bank’s FX portfolio last year The Swiss National Bank (SNB) has released a press release detailing that preliminary calculations are pointing to a massive loss on its FX reserves portfolio in 2013. The result comes as the bank has lost close to CHF…

Tag: Swiss National Bank profits