BIS profit rises as balance sheet grows

BIS profit rises as balance sheet grows – Central Banking

Institution close to completing five-year strategic plan, as deposits hit record high

Bank for International Settlements, Basel

Bank for International Settlements, Basel

The Bank for International Settlements reported a rise in profit for the 2023–24 financial year, as central bank deposits hit an all-time high and asset management holdings grew.

The BIS annual report, published today (June 30), reports a net profit of 832 million special drawing rights ($1.1 billion).

General manager Agustín Carstens said the previous financial year had been “successful” for the BIS banking department. Customer deposits rose to a historic peak of SDR325 billion in currency

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