July 31, 2018 / 5:41 AM / 3 months ago

Swiss National Bank posts 11.96 bln Sfr Q2 profit

ZURICH, July 31 (Reuters) - The Swiss National Bank reported a 11.96 billion Swiss franc ($12.12 billion) profit during its second quarter as gains from its massive dollar investments outweighed losses on its euro-denominated holdings.

The central bank made a 12.25 billion franc profit from its foreign currency investments, which have ballooned to 775 billion francs, while its gold reserves chalked up a valuation loss of 708 million francs.

$1 = 0.9871 Swiss francs Reporting by John Revill; Editing by Michael Shields

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