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Bank for International Settlements

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Bank for International Settlements

international financial institution owned by central banks

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About Bank for International Settlements

The Bank for International Settlements (BIS) is an international financial institution which is owned by members' central banks. Its primary goal is to foster international monetary and financial cooperation while serving as a bank for central banks. With its establishment in 1930 it is the oldest international financial institution. Its initial purpose was to oversee the settlement of World War I war reparations.

Facts from Wikidata (CC0). Image by Unknown author via Wikimedia Commons (Public domain).

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Country: Switzerland
Headquarters: Basel
Inception: January 20, 1930
Website: https://www.bis.org/

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