The Swiss National Bank (SNB) announced that they are set to sell back to UBS assets that they shouldered during the height of the global financial crisis. The assets were kept in a fund and in turn made a profit of US$830 million.

"Based on the current trend, the outstanding loan will be repaid shortly, and the SNB therefore expects UBS to exercise its purchase option to take over the stabilization fund in 2013," the Zurich-based Swiss National Bank said in a statement.

The "so-called" stabilization fund contributed an estimated CHF316 million of US$339.35 million to the central bank's combined assets. The Swiss National Bank took in an estimated US$39 billion worth of assets in 2008, as a part of a government bailout, integrating them in the so called stabilization fund. Under the terms of the deal between UBS and the Swiss National Bank, UBS can repurchase the fund once the Swiss National Bank loan investment on the fund was paid in full.