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BANKS - BIS

Statistics Directorate    
Definition:
Banks are generally defined as institutions whose business is to receive deposits and/or close substitutes for deposits and grant credits or invest in securities on their own account. Within the scope of the Bank for International Settlement (BIS) banking statistics official monetary authorities including the BIS and the European Central Bank (ECB) are also regarded as banks. Can refer to banks’ head offices or affiliates.

Source Publication:
Guide to the International Banking Statistics, Bank for International Settlements, Basel, Switzerland, 2000, Part III – Glossary of Terms.

Cross References:
Bank for International Settlements (BIS)
Banks - IMF
European Central Bank

Hyperlink:
http://www.bis.org/publ/meth07.pdf

Version Indicator: BIS

Statistical Theme: Financial statistics

Created on Tuesday, September 25, 2001

Last updated on Wednesday, March 27, 2013