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 SNB’s holdings and returns from foreign investments when they were converted back into Swiss francs.
The loss, which followed a profit of 26 billion francs in 2021, means the SNB will make no payout to the Swiss central or regional governments or dividend to investors for only the second time since it was established in 1907.