BANK OF ENGLAND


Meaning of BANK OF ENGLAND in English

Central bank of Britain, headquartered in London.

Incorporated by act of Parliament in 1694, it soon became the largest and most prestigious financial institution in England. It did not assume the responsibilities of a central bank until the 19th century, and it was privately owned until 1946, when it was nationalized.

Britannica Concise Encyclopedia.      Краткая энциклопедия Британика.