SNB N/  CH0001319265  /

The Swiss National Bank AG conducts the country’s monetary policy as an independent central bank. It is obliged by the Constitution and by statute to act in accordance with the interests of the country as a whole. Its primary goal is to ensure price stability, while taking due account of economic developments. In so doing, it creates an appropriate environment for economic growth. The SNB has two head offices: one in Berne and one in Zurich. In addition, it maintains a branch with cash distribution services in Geneva and five representative offices (in Basel, Lausanne, Lucerne, Lugano and St Gallen). The determination and distribution of profits are governed by the National Bank Act (Art. 31 Abs. 2). According to these articles, A dividend not exceeding six percent of the share capital shall be paid from the net profit. One-third of any net profit remaining after the distribution shall accrue to the Confederation and two-thirds to the cantons.