Swiss National Bank Posts Record $143 Billion Loss in 2022

ZURICH—The Swiss National Bank posted an annual loss of 132 billion Swiss francs ($142.67 billion) in 2022, it said on Monday, the biggest loss in its 115-year history.

As fall in stock and fixed-income markets impacted the value of its bond and share portfolios, the central bank was plunged into debt. Additionally, appreciation of Swiss franc also had an adverse impact.

Monday’s figure, which marked a reverse from a 26 billion franc profit in 2021, was bigger than the previously biggest loss of 23 billion francs chalked up in 2015. It is slightly less than Morocco’s annual GDP.

($1 = 0.9252 Swiss francs)

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