Historic Profit for Swiss National Bank in 2024

In a remarkable financial turnaround, the Swiss National Bank (SNB) announced a record-breaking annual profit of 80.7 billion Swiss francs for the year 2024. This achievement marks a significant recovery from the bank's 3.2 billion Swiss franc loss reported in 2023.

This latest profit figure not only surpasses the SNB's previous record of 54 billion Swiss francs set in 2017 but also highlights the bank's successful navigation through global financial market trends. The central bank, responsible for managing Switzerland's foreign currency reserves, has seen substantial gains from its strategic holdings.

According to detailed reports, the surge in profit was primarily driven by a 67.3 billion Swiss franc gain from foreign currency holdings and a 21.2 billion Swiss franc increase in the valuation of gold. These figures underscore the bank's adept management and the favorable conditions in the global financial markets.