Swiss National Bank 1st Half Profit Rises
31 July 2014 - 4:50PM
Dow Jones News
ZURICH--The Swiss National Bank's first-half interim profit was
16.1 billion Swiss francs ($17.7 billion) thanks to
foreign-currency and gold prices.
Foreign-currency positions contributed around 12.6 billion
francs. There was a "valuation gain" of 3.5 billion francs on gold
holdings which were unchanged by volume, the Swiss central bank's
said in a statement Thursday.
Equity securities and instruments added 2.5 billion francs, it
said.
"The financial result depends largely on developments in the
gold, foreign exchange and capital markets," it said. "Strong
fluctuations are to be expected and only provisional conclusions
are possible as regards the annual result."
First-quarter profit was 4.4 billion francs.
Write to Neil MacLucas at neil.maclucas@wsj.com
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