Record the biggest loss in 115 years for a bank

According to Iran Economist, citing Economic, the Swiss National Bank announced that the annual loss of 132 billion Swiss francs ($142.67 billion) in 2022 is the biggest loss in its 115-year history.

While falling equities and fixed income markets hit Swiss National Bank stocks and bonds, the appreciation of the Swiss franc also had a negative impact, pushing it lower.

The announced figure, which reversed a profit of 26 billion francs in 2021, was larger than the previous biggest loss of 23 billion francs experienced in 2015.

This figure is equivalent to slightly more than the annual GDP of Morocco.