Finance
Swiss National Bank Reports Annual Profit of $34 Billion
Published by Global Banking & Finance Review®
Posted on March 2, 2026
2 min readLast updated: April 2, 2026
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Published by Global Banking & Finance Review®
Posted on March 2, 2026
2 min readLast updated: April 2, 2026
Add as preferred source on GoogleThe Swiss National Bank confirmed a net annual profit of CHF 26.1 billion (approx. US $34 billion) for 2025, driven by a record CHF 36.3 billion valuation gain on gold that offset a CHF 9 billion loss on foreign-currency positions.
ZURICH, March 2 (Reuters) - The Swiss National Bank reported an annual profit of 26.1 billion Swiss francs ($34 billion) for 2025, the central bank said on Monday, confirming its earlier provisional figures.
The SNB said in January it expected to make a profit of around 26 billion francs last year, a figure that was boosted by a sharp increase in gold prices as investors sought safe-haven assets amid global trade turmoil triggered by U.S. President Donald Trump's tariffs.
The SNB made a valuation gain of 36.3 billion francs on the 1,030 metric tonnes of gold it holds, it said on Monday, as the precious metal increased by nearly 46% in value during the year.
But the SNB made a loss of 8.8 billion francs on its foreign currency holdings, as interest and dividend income from its stocks and bonds was wiped out by translation effects when converted back to the Swiss franc, which increased by 14% versus the U.S. dollar last year.
This meant the SNB's total annual profit declined to 26.1 billion francs, from 80.7 billion in 2024.
The profit meant the SNB will be able to pay a dividend of 15 francs per share, the legal maximum, to its shareholders as well as 4 billion francs to the Swiss central and regional governments.
($1 = 0.7688 Swiss francs)
(Reporting by John Revill, editing by Thomas Seythal)
The Swiss National Bank reported an annual profit of 26.1 billion Swiss francs, equivalent to $34 billion, for 2025.
A sharp increase in gold prices, driven by investors seeking safe-haven assets amid global trade turmoil, boosted the SNB's profit.
The reported 2025 profit of 26.1 billion francs confirms the SNB’s earlier provisional estimate of around 26 billion francs.
The exchange rate stated in the report was $1 equals 0.7688 Swiss francs.
The Swiss National Bank is based in Zurich, Switzerland.
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