Swiss National Bank .

December 29, 2020 By Swapnil Suryawanshi

The Swiss National Bank (SNBSIXSNBN) is the central bank of Switzerland, responsible for the nation’s monetary policy and the sole issuer of Swiss franc banknotes.

The bank is otherwise known as: GermanSchweizerische NationalbankFrenchBanque nationale suisseItalianBanca nazionale svizzeraRomanshBanca naziunala svizra, which are the four official languages of the country.

The SNB is an Aktiengesellschaft under special regulations and has two head offices, one in Bern and one in Zurich.

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History :

Share of the Swiss National Bank, issued 6 June 1907

The bank formed as a result of the need for a reduction in the number of banks of issue.

Sometime during World War I (1914–1917) the bank was instructed to release notes of small denomination, for the first time, by the Federal Council of Switzerland.

Ownership :

Approximately 55% of the share capital is held by public shareholders (cantonscantonal banks, etc.). The remaining shares are largely in the hands of private persons. Shares of the SNB have been listed at the SIX Swiss Exchange since 1907.

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