Profit and distribution of profits
The National Bank Act contains a special provision governing the determination of profits (art. 30): the National Bank shall set up provisions permitting it to maintain the currency reserves at a level necessary for monetary policy. In so doing, it shall take into account the development of the Swiss economy.
The distribution of profits is regulated as follows (art. 31): a dividend not exceeding six percent of the share capital shall be paid from the net profit. One-third of any net profit remaining after the distribution shall accrue to the Confederation and two-thirds to the cantons.
| |
|
|
|
Federal Act on the Swiss National Bank
|
|
|
|
Ordinance on the distribution of the Swiss National Bank's net profit accruing to the cantons
|
German
French
|
|
The Swiss Federal Department of Finance and the National Bank shall, for a specified period of time, agree on the amount of the annual profit distribution to the Confederation and the cantons with the aim of balancing these distributions in the medium term. The currently valid agreement on the distribution of the SNB’s profits (concluded in 2011) provides that – profits permitting – an annual amount of CHF 1 billion will be distributed to the Confederation and the cantons for the financial years 2011 to 2015.
| |
|
|
|
Press release of 21 November: New agreement on the distribution of the SNB profit
|
|
|
|
Agreement between the Federal Department of Finance and the Swiss National Bank regarding the distribution of Swiss National Bank profits
|
German
French
|
PDF [119 kB]
PDF [118 kB]
|
|
Notes on the new profit distribution agreement of 21 November 2011 between the Federal Department of Finance and the Swiss National Bank
|
German
French
|
|
