The Swiss National Bank (SNB) has posted a loss of 3.2 billion francs ($3.67 billion) for 2023, the bank said on Monday.
The profit on foreign currency positions totaled 4 billion francs ($4.59 billion) while a valuation gain of 1.7 billion francs ($1.95 billion) was recorded on gold holdings, a bank statement said.
Meanwhile, the loss on Swiss franc positions was 8.5 billion francs ($9.8 billion) in 2023.
The bank's operating expenses amounted to 400 million francs ($459 million).
In 2022, the bank's loss was 132.5 billion francs ($145.6 billion) after a net profit of 129.3 billion francs ($142 billion) in 2021.
The Swiss franc / U.S. dollar exchange rate was at 0.87 in 2023, 0.95 in 2022 and 0.91 in 2021.
