SNB reports CHF 38.3bn profits for 2014

SNB reports 38.3bn profits for 2014

• vs 2013 loss of 9.1bn
• Forex profits CHF 34.5bn
• Gold valuation CHF 4.1bn
• Says financial results depends largely on developments in gold, forex and capital markets
• Not possible to make any predictions about 2015 results
• Will be paying 1.5m in dividends, 2bn to government and Cantons
• Does not rule out suspending or reducing profit distribution over some years, due to considerable volatility in its results

I know a few Swissy traders that will be overchuffed about seeing the SNB trouser a good profit for last year ;-)