Reuters logo
Swiss National Bank reports record Q3 profit of 32.5 bln francs
October 31, 2017 / 6:51 AM / 23 days ago

Swiss National Bank reports record Q3 profit of 32.5 bln francs

ZURICH, Oct 31 (Reuters) - The Swiss National Bank reported its highest ever quarterly profit on Tuesday - posting a gain of 32.5 billion Swiss francs ($32.66 billion) - as the central bank’s campaign to weaken the Swiss franc starts to pay off.

A mixture of buoyant stock markets, rising gold prices and a fall in the franc’s value following a decline in European political risks combined to push the bank’s nine-month profit upwards to 33.7 billion francs.

The third-quarter figure contrasted with a 7.4 billion franc profit in the year-earlier quarter, and followed a profit 1.2 billion francs for the first six months of 2017. ($1 = 0.9952 Swiss francs) (Reporting by John Revill)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below