This is huge! I almost choked when I saw these news today!
Compare that to the nominal GDP of Switzerland, which was about $801 billion in 2021!
Usually, the SNB distributes a sizable annual profit to the government! In 2020 and 2021, the SNB had profits of $26b and $21b respectively.
"The Swiss National Bank posted an annual loss of 132 billion Swiss francs ($143 billion) in 2022, it said on Monday, the biggest in its 115-year history as falling stock and fixed-income markets hit the value of its share and bond portfolio. ..."
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