Swiss National Bank increases first half profit to 43.5 billion francs

ZURICH, July 30 (Reuters) - The Swiss National Bank increased its first half profit to 43.5 billion Swiss francs ($47.96 billion), it reported on Friday, as buoyant stock markets boosted the value of the central bank's foreign currency investment pile.

The SNB posted a profit of 44.5 billion francs from its foreign currency positions, helped by interest and dividend payments from the mountain of bonds and stocks it holds.

The SNB also made a valuation loss of 1.4 billion francs on its gold holdings, and a 0.6 billion franc profit from Swiss franc positions, mainly negative interest rates it charges commercial banks on some of their holdings. ($1 = 0.9071 Swiss francs) (Reporting by John Revill; editing by Brenna Hughes Neghaiwi)

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