Regulatory Alerts2026-04-23
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Swiss National Bank Interim Results as at 31 March 2026
The Swiss National Bank reported a net loss of CHF 0.5 billion for the first quarter of 2026, driven by significant valuation losses on foreign currency positions. These losses were partially offset by a CHF 7.8 billion valuation gain on gold holdings and a small profit on Swiss franc positions. The institution maintains that strong fluctuations in gold, foreign exchange, and capital markets necessitate caution when drawing conclusions about the full-year financial result.
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