SNB profit of 5.7 billion Swiss francs in the first quarter

A profit of 5.7 billion francs in the first quarter of 2016, it was announced by the Swiss National Bank (SNB).
The gold stock has generated a profit of 4.1 billion. The gain obtained on the positions in foreign currencies amounted to 1.2 billion francs. The appreciation of the franc caused exchange losses 6.9 billion, has indicated this morning the central bank.

In the first quarter of 2015, the abandonment of the minimum threshold of franc / euro exchange rate had generated an appreciation of the franc and exchange losses on all the investment currencies in the amount of 41.1 billion francs.

The result depends on the evolution of the SNB's gold markets, exchange rates and capital and is therefore difficult to draw conclusions for the whole of the year, said the issuing bank.