BIS completes redistribution of shares

The Bank for International Settlements (BIS) announced on Wednesday 1 June the sale to its member central banks of 35,933 BIS shares valued at SDR 468.2 million.

The sale, effective 31 May 2005, completes the restoration of BIS capital that had been expended through the withdrawal of privately held shares in January 2001. The sale price of CHF 23,977.56 per share was set at the amount of compensation paid to former private shareholders, less the interest they received.

The shares had been held