Swiss National Bank Reports Robust Nine-Month Profit Driven by Portfolio Gains

In a remarkable financial update, the Swiss National Bank (SNB) has disclosed a significant profit for the first nine months of 2024, attributing this positive outcome mainly to gains in its investment portfolio that helped to counterbalance declines in the value of the Swiss franc. The central bank reported a net profit of 20.9 billion Swiss francs (approximately $23 billion), showcasing its ability to navigate challenging economic conditions.

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