- Given the rise in the price of gold, SNB has recorded a valuation gain on its gold holdings of CHF 5 bln for 2011
- The parent company’s foreign currency positions will contribute approx CHF 8 bln to the positive result
- CHF 1 bln will be distributed to the confederation and the cantons
Preview Mode
SNB expects annual profit of CHF 13 bln and will be able to make distribution
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