SNB Reports CHF 0.5 Billion Loss in Q1 2026

Mon, 27 Apr 2026 12:59:28 +0000
Banking

The Swiss National Bank reports a loss of CHF 0.5 billion for the first quarter of 2026, driven by an CHF 8.2 billion loss on foreign currency positions. This loss was partially offset by a CHF 7.8 billion valuation gain on gold holdings, which increased from CHF 110,919 to CHF 118,400 per kilogram. Profit on Swiss franc positions contributed CHF 40.4 million. The SNB notes that strong fluctuations are expected given its exposure to gold, foreign exchange, and capital markets.