The expected CHF 54 billion exceeds that of even Apple
To shed some light into how much that actually is, the amount would be equivalent to 8% of Switzerland’s GDP. By comparison, the Fed’s annual profit in recent years have been around the region of USD 100 billion. If the Fed were to post an 8% profit relative to US GDP, its profit would come out to USD 1.5 trillion instead.
The SNB’s largest currency holding are euro-denominated assets, and the EUR/CHF strengthened by nearly 10% last year – which gave a massive boost to the SNB.
Here’s how the SNB’s (central bank which employs about 800 employees) profit stands in comparison to other major worldwide corporations: