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Zurich, Switzerland (GenevaLunch) – The Swiss National Bank ended 2009 with a profit of CHF10 billion, in line with estimates published 21 January. The bank attributes the turn-around from a CHF4.7b loss in 2008 to “substantial valuation gains amounting to CHF 7.3 billion on gold holdings and interest income on foreign currency positions.” The SNB financial results are published as part of consolidated statements that include the annual financial statements of the parent company and the UBS stabilization fund. “Taking into account the UBS equity contribution, the stabilisation fund showed a loss of approximately $400 million at 31 December 2009. This was fully covered by the SNB option for 100 million UBS shares at nominal value.”