The Swiss National Bank (SNB) made a profit in the first nine months of 2025. This was thanks to the profitable third quarter following a loss in the first half of the year. +Get the most important news from Switzerland in your inbox According to a statement on Friday, profit for the nine-month period totalled CHF12.6 billion ($15.7 billion). Following a loss of CHF15.3 billion in the first half of the year, this resulted in a strong plus of CHF27.9 billion in the third quarter. While the SNB posted a loss of CHF9 billion on its foreign currency positions in the first three quarters, there was a valuation gain of CHF22.9 billion on its gold holdings, which remained unchanged in terms of volume. The Swiss franc positions, on the other hand, recorded a loss of CHF900 million. + How protected is the Swiss National Bank compared with the US Federal Reserve? As usual, the SNB emphasised that its result is largely dependent on the development of the gold, foreign exchange and capital ...
