SNB suffers record H1 loss of 50.1b francs

Zurich

THE Swiss National Bank (SNB) suffered a loss for the first half of the year, giving politicians keen to raise their profile in an election year more fodder for criticism.

The SNB had a loss of 50.1 billion francs (S$72 billion) in the six months through the end of June, the central bank said on Friday. That's a record, according to SNB spokesman Walter Meier.