The Swiss National Bank says it expects to earn a profit of roughly 13 billion francs ($13.7 billion) for 2011 due mainly to the rise in the value of its gold and foreign currency holdings, AP reported. The gain of 5 billion francs in gold holdings and 8 billion francs in foreign currency positions is a major reversal from 2010 when the central bank lost 20.7 billion francs trying to stem the soaring value of its franc. It also provides a bit of respite for the bank, which earlier this week accepted the resignation of chairman Philipp Hildebrand following revelations over his wife's currency dealings. The central bank said Friday it will distribute 1 billion francs of the windfall among the federal government and 26 cantons (states), as is required, and put the remainder in its reserves. -- SPA