SNB 2017 9-month profits CHF 33.7bln

Swiss National Bank out with 9-month results 31 Oct

  • net result on foreign currency positions amounted to CHF 30.3 billion
  • 9-mth valuation gain on gold holdings CHF 2.3bln
  • collected CHF 1.5bln on neg rates on sight depos

SNB showing the fruits of their on-going intervention which will be welcome news for shareholders too as well as providing good opportunity for FX traders, after the Jan 2015 wipeout.
Full SNB report here
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