Bank for International Settlements |
Bank for International Settlements (BIS) is an international organisation, which fosters international monetary and financial cooperation and serves as a bank for central banks. Founded in 1930, it is the world's oldest international financial organisation. Bank for International Settlements provides a broad range of financial services specifically designed to assist central banks and other official monetary institutions in the management of their foreign exchange and gold reserves. In addition, the BIS offers a range of asset management services in sovereign securities or high-grade assets. The Bank's Statutes do not allow the Bank to open current accounts in the name of, or make advances to, governments. The BIS does not accept deposits from, or generally provide financial services to, private individuals or corporate entities. The size of the BIS balance sheet is driven by placements from customers. In September 2010, customer placements amounted to SDR 226.3 billion. The assets held by the BIS consist of government and quasi-government securities, reverse repurchase agreements and investments with highly rated commercial banks of international standing. In addition, it owns 119 tonnes of fine gold (June 2012). The Bank is headquartered in Basel and has representative offices in Hong Kong and Mexico City. The company employs 617 people from 54 countries. Head office address: Hong Kong office: Mexico office:
Torre Chapultepec Rubén Darío 281 - 17th floor Col. Bosque de Chapultepec Del. Miguel Hidalgo 11580 México, D.F., México Phone: (+52) 55 91380290 Fax: (+52) 55 91380299 |
