Swiss Central Bank Posts Record 2024 Profit of Nearly $90 Billion
The Swiss National Bank's record annual profit of 80.7 billion Swiss francs ($89.50 billion) in 2024 is a testament to the bank's successful strategy of diversifying its investments, which has enabled it to reap significant gains from booming equity markets and rising gold prices. The bank's profit turnaround from a loss in 2023 is also a reflection of its ability to adapt to changing market conditions and navigate the uncertainties of global economic trends. With this record-breaking profit, the SNB can finally pay out dividends to shareholders and governments, marking a significant shift in the institution's financial performance.
- The impressive profit generated by the Swiss National Bank highlights the growing importance of asset management as a key revenue stream for central banks, challenging traditional views on their primary role.
- How will changes in global economic policies under the new U.S. administration impact the SNB's investment strategy and its ability to maintain this level of profitability in future years?