Subscribers

Swiss National Bank expects record 2017 profit of 54b Swiss francs

Zurich

THE Swiss National Bank expects an annual profit of 54 billion Swiss francs (S$73.4 billion) for 2017, the central bank said on Tuesday, the biggest profit in its 110-year history.

The SNB anticipates an annual profit of 49 billion francs from its foreign currency positions, which have swelled to...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes