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Bank for International Settlements

Published online by Cambridge University Press:  22 May 2009

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Extract

The twenty-eighth annual report of the Bank for International Settlements covering the financial year from April I, 1957, to March 31, 1958, was submitted to the annual general meeting of the Bank held at Basle on June 9, 1958. Details of the results of the year's business operations were given, together with a review of the current activities of the Bank and an analysis of the balance sheet as of March 31, 1958. The year was characterized by a stabilization of the resources at the disposal of the Bank at the high level reached the previous year and by a further increase in the volume of its operations. The financial year closed with a surplus of 19,317,738 gold francs, against 16,014,462 gold francs for the previous year; the net profit amounted to 9,317,738 gold francs, compared with 8,212,987 for the preceding year. The board of directors of the Bank recommended that the general meeting should declare a dividend of 6 percent.

Type
International Organizations: Summary of Activities: IV. Other Functional Organizations
Information
International Organization , Volume 12 , Issue 4 , Autumn 1958 , pp. 554 - 555
Copyright
Copyright © The IO Foundation 1958

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References

1 Bank for International Settlements, Twenty-Eighth Annual Report, 1st April 1957—31st March 1958, Basle, 06 9, 1958Google Scholar; for a summary of the two previous annual reports, see International Organization, Summer 1957 (Vol. II, No. 3), p. 578–579Google Scholar.