The Swiss National Bank reported a profit of 19.1 billion Swiss francs, or $23.3 billion, on its investments in the third quarter. Its year-to-date profit reached 44.2 billion francs, increasing the prospect of a payout to Swiss federal and local governments. The bank made a 7.6 billion-franc gain on gold, while foreign currency positions generated 11.6 billion francs in profits. Despite these strong returns, quarterly profit fell by almost 32% year on year, partly because the Swiss franc has lost around 3.6% against the dollar so far this year. The SNB said its monetary policy mandate and price stability remain its priorities, even when interest-rate or exchange-rate decisions negatively affect its annual result.
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