Share capital and dividend

For 2023, the following dates and comments are applicable (this information is updated each January for the current year):

Share capital

The share capital of the SNB amounts to CHF 25 million and is divided into 100,000 registered shares with a nominal value of CHF 250 each. The shares are fully paid up (art. 25, para.1 NBA).


The SNB shares are listed on the Swiss stock exchange SIX Swiss Exchange.

Share performance

Due to the legally stipulated maximum dividend of 6%, the price of the SNB share usually develops along similar lines to a long-term Confederation bond with a 6% coupon.

Taxable value

The taxable value of the SNB share for 2022 amounts to CHF 4,790.


According to provisional calculations, the SNB will report a loss in the order of CHF 132 billion for the 2022 financial year. The allocation to the provisions for currency reserves will be CHF 9.6 billion. After taking into account the distribution reserve of CHF 102.5 billion, the net loss will be around CHF 39 billion.

Pursuant to the provisions of the National Bank Act and the profit distribution agreement between the Federal Department of Finance and the SNB, this net loss precludes a distribution for the 2022 financial year.

This affects both dividend payments to the SNB shareholders and the profit distribution to the Confederation and the cantons.