The Swiss National Bank (SNB) has once again made a high profit in 2025. The government and cantons will benefit accordingly. +Get the most important news from Switzerland in your inbox Specifically, according to provisional calculations, the SNB is reporting a profit of around CHF26 billion ($32.5 billion) for 2025. In 2024, it reported a record surplus of CHF80.7 billion. According to a statement on Friday, the high price of gold made a considerable contribution to this: the SNB posted a valuation gain of CHF36.3 billion on its gold holdings. The central bank reported a loss of around CHF9 billion on its foreign currency positions. Swiss franc positions recorded a loss of CHF900 million. + Swiss banks less optimistic due to lower interest rates According to the SNB, the allocation to the provisions for currency reserves will amount to CHF12.7 billion. After taking into account the distribution reserve of CHF12.9 billion, this results in a balance sheet profit of around CHF26 billion.