Bank for International Settlements
international financial institution owned by central banks
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The Bank for International Settlements is an international organisation[1] founded on January 20, 1930[2][3]. It operates within the industry of central banking and financial service activities, except insurance and pension funding[4]. In 2023, the organization employed 637 individuals[5].
Key Facts
- Member of: Committee for the Coordination of Statistical Activities[3], Network for Greening the Financial System[4]
- Country: Switzerland[5]
- Instance of: international financial institution[6]
- Founder: Montagu Norman, 1st Baron Norman[7], Hjalmar Schacht[8]
- Headquarters location: Basel[9]
- Commons category: Bank for International Settlements[10]
- Industry: central banking[11], financial service activities, except insurance and pension funding[12]
- Inception: January 20, 1930[13]
- Official website: https://www.bis.org/[14]
- Employees: 637[15]
- Depicted by: They’ve Got a Secret ‘Tower of Basel,’ by Adam LeBor[16], The Tower of Institutional Corruption: The Bank for International Settlements In The Nightmare Years[17]
- Described by source: Great Soviet Encyclopedia (1926–1947)[18], Armenian Soviet Encyclopedia, vol. 7[19]
- Legal form: International organisation[20]
- Date of official opening: May 17, 1930[21]
- Native label: Bank for International Settlements[22]
- Total equity: 23,705,000,000 special drawing rights[23]
- Total revenue: 1,015,400,000 special drawing rights[24]
- Net profit: 678,700,000 special drawing rights[25]
- Total assets: 350,309,600,000 special drawing rights[26]
- Board member: Carl Melchior[27], Maurice Frère[28]
- On focus list of Wikimedia project: Wikipedia:Vital articles/Level/4[29]
Why It Matters
Bank for International Settlements has Wikipedia articles in 29 language editions, a strong signal of global cultural recognition.[30] It is known by 68 alternative names across languages and contexts.[31]