Profit distribution NBS

Under the National Bank Act, the SNB is obliged to form provisions from its annual surplus in order to maintain the currency reserves at the level required for monetary policy purposes. The profit remaining after allocating funds to provisions is generally available for distribution to the Confederation and the cantons. To ensure medium-term stabilisation, the FDF and SNB always set out the distribution parameters 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, 35 kB, 08.01.2025)

Last modification 07.01.2022