Swiss National Bank .December 29, 2020
The bank is otherwise known as: German: Schweizerische Nationalbank; French: Banque nationale suisse; Italian: Banca nazionale svizzera; Romansh: Banca 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.
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.
Approximately 55% of the share capital is held by public shareholders (cantons, cantonal 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.