Interim results of the Swiss National Bank as at 30 June 2020
(WorldNews Switzerland)

Press release Communications P.O. Box, CH-8022 Zurich Telephone +41 58 631 00 00 communications@snb.ch Zurich, 31 July 2020 Interim results of the Swiss National Bank as at 30 June 2020 The Swiss National Bank reports a profit of CHF 0.8 billion for the first half of 2020. The first half of 2020 was dominated by the effects of the coronavirus pandemic, which led to high volatility on the financial markets. The loss on foreign currency positions amounted to CHF 6.8 billion. A valuation gain of CHF 7.1 billion was recorded on gold holdings. The profit on Swiss franc positions was CHF 0.6 billion. The SNB`s financial result depends largely on developments in the gold, foreign exchange and...