Swiss National Bank provided earnings guidance for the full year of 2016. According to provisional calculations, the bank will report a profit in the order of over CHF 24 billion for the 2016 financial year. The profit on foreign currency positions amounted to more than CHF 19 billion. A valuation gain of CHF 3.9 billion was recorded on gold holdings. As previously announced, the allocation to the provisions for currency reserves will be CHF 4.6 billion. After taking into account the distribution reserve of CHF 1.9 billion, the net profit will be in excess of CHF 21 billion. This will allow a dividend payment of CHF 15 per share, which corresponds to the legally stipulated maximum amount, as well as a profit distribution to the Confederation and the cantons of CHF 1 billion.