Swiss National Bank from high losses to high profits.

In 2015, the central bank incurred a loss of CHF 23.3 billion followed by a profit of 24.5 billion in 2016.

In 2017, it expects a profit of CHF 54 billion, more than double of last year.

For all you know, amidst all the gloom and doom central banks continue to run amazing profits. Fortune 500 list showed Apple topping the highest profits list with a profit of USD 45.7 billion in 2016. Federal Reserve in 2015 generated USD 100.27 billion of profits followed by USD 92.17 billion in 2016.

Should be similar for other central banks as well.

Perhaps the best business in town. The losses do not effect the entity and profits are coolly transferred to the respective share-owners which is government in most cases.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.


%d bloggers like this: