The Swiss national Bank (SNB) has benefited from the good financial market environment, and in the first nine months of 2019, with a profit of 51.5 billion Swiss francs. After a Plus of 38.5 billion in the first half of the year to 13.0 billion came in the third quarter of the year once again.
The profit on foreign currency positions amounted in the nine-month period of 42.7 billion Swiss francs, the national Bank announced on Thursday. The interest income washed-up, 6.9 billion Swiss francs and the dividend payments of 2.9 billion in the Fund. On interest-bearing paper (bonds, etc.), resulted in a gain of $ 19.5 billion, on equity securities (shares etc.) is one of the 22.4 billion. In contrast, there were exchange rate-related losses by a total of 8.9 billion Swiss francs.
On the unchanged gold holdings resulted in a valuation, meanwhile, profit of 7.3 billion Swiss francs. And on Swiss franc positions, the Central Bank recorded a profit of 1.7 billion, primarily as a result of the negative interest rate on sight Deposit account balances.
conclusions on the result for the year is only possible to a limited extent
The result was expected in about so, and therefore not a big Surprise. The Economists of the big Bank, UBS, about had estimated the profit to just under 50 billion and those of Credit Suisse to 51 billion Swiss francs.
For the full year, the high gain means nothing. The SNB has noted in the message, as usual, to the fact that the result of the development of the Gold, foreign exchange and capital markets is dependent. Strong fluctuations and deduce the result for the year were, therefore, only possible to a limited extent.
In the prior-year period, a loss of 7.8 billion Swiss francs was incurred. To count the hundreds of billions of Swiss francs foreign exchange reserves, shares and bonds abroad. These had been purchased by the SNB in the course of earlier interventions in the foreign exchange market to weaken the franc and thus to support the Swiss export economy.
(oli/sda/reuters)
Created: 31.10.2019, 07:46 PM