The Swiss central bank suffered a record loss of 132.5 billion Swiss francs (133 billion euros) in 2022 due to fluctuations in the financial markets due to the changed economic environment. The SNB has slightly increased its first estimate for January and confirmed in a statement that, as anticipated in recent months, it is eliminating payments to the Confederation and the cantons. "This leak makes any distribution for the 2022 financial year impossible," the bank said. In 2021, it made a profit of 26.3 billion Swiss francs and turned over a total of 6 billion francs to the cantons and the Confederation. But with the major shocks in financial markets after the invasion of Ukraine, the Swiss central bank suffered a heavy loss of 131.5 billion francs on its investments in foreign securities. Its stock of gold, which remained unchanged, saw its value increased by 0.7%, generating a capital gain of 408.5 million francs. Swiss franc positions also suffered a loss of CHF 1 billion.
The Swiss central bank suffered a record loss of 132.5 billion Swiss francs (133 billion euros) in 2022 due to fluctuations in the financial markets. He slightly raised his first estimate for January and confirms in a statement that he is eliminating payments to the federal government and the cantons.
“This loss makes any distribution for the 2022 financial year impossible,” confirmed the heads of the Swiss central institute. In 2021, it had made a profit of 26.3 billion Swiss francs and had turned over a total of 6 billion francs to the cantons and the Confederation. But with the major shocks on the financial markets after the invasion of Ukraine, the Swiss central bank suffered a heavy loss of 131.5 billion francs on its investments in foreign securities. Its unchanged gold stock saw its value increase by 0.7%, generating a capital gain of 408.5 million francs. Swiss franc positions also suffered a loss of CHF 1 billion.
