SNB profits reach 5.1 billion francs in first half of 2018
Foreign currency positions helped push the Swiss central bank back into profit
The Swiss National Bank achieved Sfr5.1 billion ($5.1 billion) in profits during the first half of 2018, the central bank said today (July 31), reversing losses suffered earlier in the year.
Foreign exchange reserves yielded Sfr5.2 billion. Interest and dividend income contributed Sfr4.9 billion and Sfr2 billion, respectively. Gains on equity securities were Sfr1.8 billion, and exchange rate profits totalled Sfr1.3 billion. Furthermore, franc positions yielded Sfr1 billion, mainly as a result
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