Swiss National Bank posts profit of CHF25.2 billion

The Swiss National Bank (SNB) posted a profit of CHF25.17 billion ($39.2 billion) in the first half of the year, mainly thanks to its foreign currency holdings. Its gold reserves dragged the result down. Foreign currency positions generated a profit of CHF31.7 billion, the Swiss National Bank announced on Friday. This figure consists mainly of gains on equity securities and equity instruments, totalling CHF22.9 billion. Interest income totalled CHF6.7 billion, dividend income CHF1.7 billion,…