Swiss National Bank

Swiss National Bank

Headquarters Bern and Zurich Established 1907 Chairman Thomas Jordan Central bank of Switzerland Currency Swiss Franc ISO 4217 Code CHF Website www.snb.ch

The Swiss National Bank (SNB) is the central bank of Switzerland. It is responsible for Swiss monetary policy and for issuing Swiss franc banknotes.

The names of the institution in the four official languages of the country are: German: Schweizerische Nationalbank; French: Banque Nationale Suisse; Italian: Banca Nazionale Svizzera; Romansh: Banca Naziunala Svizra.

The SNB is an aktiengesellschaft under special regulations. About 55% of its shares are owned by public institutions like cantons and cantonal banks. The remaining shares are traded on the stock market. They are mostly owned by private individuals. The Swiss National Bank has two head offices, one is in Bern and the other one in Zurich.

Read more about Swiss National Bank:  Monetary Policy, General Meeting of Shareholders, Bank Council, Governing Board, Gold Reserves, World War II Controversy

Famous quotes containing the words swiss, national and/or bank:

    Nothing sets a person up more than having something turn out just the way it’s supposed to be, like falling into a Swiss snowdrift and seeing a big dog come up with a little cask of brandy round its neck.
    Claud Cockburn (1904–1981)

    What do we mean by patriotism in the context of our times? I venture to suggest that what we mean is a sense of national responsibility ... a patriotism which is not short, frenzied outbursts of emotion, but the tranquil and steady dedication of a lifetime.
    Adlai Stevenson (1900–1965)

    A bank is a confidence trick. If you put up the right signs, the wizards of finance themselves will come in and ask you to take their money.
    Christina Stead (1902–1983)