Swiss National Bank reports annual loss of 132.5 billion Swiss francs

March 06, 2023 05:34 PM AEDT | By Reuters
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ZURICH (Reuters) - The Swiss National Bank reported on Monday an annual loss of 132.5 billion Swiss francs ($141.54 billion), in line with the provisional calculations it announced in January.

The loss, the biggest in the central bank's 115-year history, was caused by a plunge in the value of the SNB's investments caused by bond and stock market declines last year.

A strengthening of the Swiss franc also had a negative effect, reducing the level of the SNB's holdings and returns from foreign investments when they were converted back into Swiss francs.

($1 = 0.9361 Swiss francs)

(Reporting by John Revill; Editing by Miranda Murray)


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