SNB has announced its final financial results for 2022.
Accordingly, SBN lost 132.5 billion Swiss francs ($141.5 billion) last year, driven by the declines in bond and equity markets.
It was noteworthy that the figure in question was the biggest loss in the 115-year history of the SNB.
The SNB turned into a loss as declining stocks and fixed-income markets dragged down the value of its stock and bond portfolio, while the appreciation of the Swiss franc also negatively impacted the Bank’s income.
SNB, which has recently increased interest rates to fight inflation, lost 131.5 billion Swiss francs on its foreign exchange positions. The bank’s gold position increased by 400 million Swiss francs.
The bank announced a profit of 26 billion Swiss francs in 2021 and distributed a dividend of 6 billion Swiss francs.