SNB earns H1 exchange rate profit of CHF 100m

Reuters out with the results of the Swiss National Bank's (SNB) Swiss franc holdings for the first half 2017:

H1 profit of 1.2B CHF

H1 exchange rate profit of 100m CHF

Q2 loss of 6.7B

40% holdings in EUR, 35% in USD, 8% JPY, 7% GBP

Net result of CHF positions 0.9B, largely from negative interest on sight deposits