However,
Bns undergoes loss 15.3 billion:
Keystone-SDA
The Swiss National Bank (BNS) suffered in the first half of its positions in foreign currencies. Moreover, which caused a loss of 22.7 billion francs. For example, The emission institute completes the first six months of the year on a disbursement of 15.3 billion. Therefore,
(Keystone-ATS) The BNS golden stock made it possible to alleviate the counterperformance of foreign currencies, the yellow metal that generated a capital gain of 8.6 billion francs, a statement said on Thursday. bns undergoes loss 15.3 billion On the other hand, the positions in francs affected the half -yearly result of 1 billion francs.
The Swiss Central Bank recalls that its result depends mainly on the evolution of gold. exchange and capital markets, which implies high variations. In the first quarter, the BNS gave a profit of 6.68 billion francs, while the loss reached 21.98 billion in the second part.
The loss of the BNS in the second quarter is in the target of forecasts of economists from the Grande Banque UBS. who tabed on a disbursement between 17 and 27 billion francs.
The degradation of the result of foreign currencies is part of a context of strong appreciation of the franc. especially against the euro and the dollar, for a few months. BNS thus accuses exchange loss up to 43.9 billion francs over the first six months of the year.
The economic. geopolitical uncertainties, largely caused by the customs duties bns undergoes loss 15.3 billion decided by the American president Donald Trump, strengthened the franc in his role of refuge value. Gold took advantage of this same dynamic. As of June 30, the kilo of yellow metal was exchanged at 84,247 francs, against 76,011 francs six months earlier.
The loss in francs is mainly explained by the interests applied to vision assets in transfer accounts.
In its press release. the program institute stresses that it is required to constitute “sufficient provisions to maintain monetary reservations at the level required by monetary policy”, a way of recalling that a distribution to the Confederation and the cantons is not guaranteed, especially during deficit years.
Bns undergoes loss 15.3 billion
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