Wednesday, March 22, 2023

National Bank makes a loss of 137 billion

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UBS experts estimate 2022 for the annual result

National Bank makes a loss of 137 billion

The past year has been difficult in many respects. Wars, crises and inflation caused miserable figures on many stock exchanges. The SNB is also feeling the effects of this. UBS experts assess the loss of the National Bank.


UBS experts estimate that the Swiss National Bank will lose CHF 137 billion in 2022. (icon picture)

In the run-up to the annual figures from the Swiss National Bank (SNB), UBS specifies its profit estimates. For 2022 as a whole, UBS expects the SNB to make a loss of around CHF 137 billion and, accordingly, to forego a distribution to the federal government and the cantons.

According to a UBS outlook, lower share prices, higher interest rates on bonds and a stronger Swiss franc all contributed to the SNB’s annual loss. The regular dividend and interest payments would have improved the result only marginally.

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