Profit distribution NBS

Under the National Bank Act, the SNB is required to set up provisions from its annual result in order to maintain the currency reserves at the level necessary for monetary policy. The remaining net profit after the allocation to the provisions is, in principle, available for distribution to the Confederation and the cantons. To ensure that distribution flows are smoothed in the medium term, the FDF and the SNB establish the key distribution goals in an agreement that covers several years. This facilitates financial planning for the Confederation and the cantons.

Agreement on the distribution of profits 2020–2025

Press release: Agreement on the distribution of profits 2020-2025 (PDF, 292 kB, 01.02.2021)

Agreement between the Federal Department of Finance and the Swiss National Bank on the distribution of the Swiss National Bank’s profits (PDF, 174 kB, 01.02.2021)

Notes on the profit distribution agreement (PDF, 397 kB, 01.02.2021)

Supplementary agreement 2020/21

Supplementary agreement between the Federal Department of Finance and the Swiss National Bank (PDF, 69 kB, 28.02.2020)

Notes on the supplementary agreement (PDF, 73 kB, 28.02.2020)

Agreement on the distribution of profits 2016–2020

Agreement between the Federal Department of Finance and the Swiss National Bank on the distribution of the Swiss National Bank’s profits (PDF, 247 kB, 10.11.2016)

Notes on the profit distribution agreement between the Federal Department of Finance and the Swiss National Bank (PDF, 215 kB, 10.11.2016)

The cantons' share

The cantons' share (XLSX, 33 kB, 23.09.2022)

Last modification 07.01.2022