The Swiss National Bank (SNB) was established in 1907 and is headquartered in Zurich and Bern. It serves as Switzerland’s central bank.
Key features:
- Founded: 1907
- Dual headquarters: Zurich and Bern
- Functions: Monetary policy, price stability, financial stability, currency issuance
Ownership:
- Mixed public-private ownership
- Shares traded on Swiss Exchange
- Majority owned by cantons and public institutions
- Private shareholders have limited rights
Key responsibilities:
- Conducting monetary policy
- Managing currency reserves
- Issuing Swiss franc banknotes
- Ensuring payment system operations
- Contributing to financial system stability
The SNB is known for its independent monetary policy, significant foreign currency reserves, and interventions to manage the Swiss franc’s value against other currencies.