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The rise in gold gilded the Central Bank of one of the European countries

The Swiss Central Bank earned 54 billion dollars in 2024

Mar 3, 2025 15:21 51

The rise in gold gilded the Central Bank of one of the European countries  - 1

The Swiss Central Bank made a record profit of 80.7 billion francs (89.5 billion USD) in 2024. This is one and a half times more than the previous maximum of 54 billion USD, recorded in 2017, reports Reuters, citing data from the regulator.

The reasons for achieving this result are the growth of stock markets, the rise in gold prices and the strengthening of the dollar. The Swiss Central Bank previously estimated its profit in 2024 at 87.3 billion dollars. Thus, the final estimate of the indicator increases by more than 2 billion. USD.

In January, it was also announced that the dividend of 15 francs per share would be the highest possible under the laws of the European country.

Earlier, it was reported that the National Bank of Poland bought the most gold among the world's central banks in 2024, increasing its reserves by 90 tons. The top three buyers also include Turkish and Indian regulators with 75 and 73 tons, respectively.