The Swiss National Bank (SNB) is the central bank of Switzerland. It was established on January 16, 1906, and began commercial activities on June 20, 1907. It acts as an independent central bank to implement the country’s monetary policy. Its main goal is to ensure price stability while giving due consideration to economic development. The SNB is a joint shares company under special regulations. About 55% of its shares are owned by public institutions such as states and state banks. The remaining shares are traded on the stock market. They are mainly privately owned.