The Swiss National Bank started the year with 30 billion CHF loss

In the first quarter of 2015 the Swiss National Bank has suffered losses worth 29,3  bln Francs (28,6 bln euros), according to the statement of the financial institution.

The Central bank suffers losses due to the fortification of the Swiss franc against the euro, reports Deutsche Welle.

In the middle of January 2015 the regulator suddenly changed the currency peg CHF/EUR and as a consequence the Swiss franc began to grow rapidly.

The minimum euro exchange rate of 1.20 Swiss francs was introduced in 2011. After its cancellation franc rose by almost 20%, which entail a significant depreciation of the investments of the Central Bank in foreign currency.