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The Swiss National Bank records the largest loss in its history

2023-01-10T09:31:30.417Z


Bern, SANA - The Swiss National Bank recorded an annual loss of 132 billion Swiss francs, which is equivalent to 143 billion dollars


Bern-Sana

The Swiss National Bank recorded an annual loss of 132 billion Swiss francs, equivalent to $143 billion, in 2022, the largest loss in its 115-year history.

According to a report by Bloomberg Agency, the decline in stock and fixed-income markets on stocks and bonds, in addition to attempts to strengthen the Swiss franc, left negative repercussions on the bank’s results, indicating that as a result, the Swiss government will not receive payments from the National Bank for the year 2022 in light of these losses.

The loss for 2022 represents a decline from the profit of 26 billion francs recorded in 2021, and is much larger than the previous record loss of 23 billion francs in 2015.

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Source: sena

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