SNB Sees 2014 Profit of 38 Billion Francs, Resumes Dividend
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The Swiss National Bank expects to record a 2014 profit of 38 billion francs ($37.3 billion) as its foreign-currency and gold holdings gained in value.
The central bank, based in Bern and Zurich, will resume its annual payout of 1 billion Swiss francs to the federal government and the cantons, and also pay a maximum dividend of 15 francs per share to investors. For 2013, the SNB scrapped its annual payment after a 30 percent drop in the price of gold caused a loss of 9 billion francs.