Top 5 Oldest Banks in the World

Top 5 Oldest Banks in the World

Posted by MydeaMedia

Here’s a list of the top 5 oldest banks in the world. As we know that bank is a place where we can save our money. A bank is a financial that accepts deposits and channels those deposits into lending activities. Here are the list of oldest bank in the world.

5. Bank of New York (Established in 1784)

Bank of New York is the oldest bank in the United States, and they get to have the One Wall Street as their address to prove it. Eight years later, it was the first company to be publicly traded when the New York Stock Exchange opened in 1792. The bank continues under the new name of the bank of New York Mellon.

Bank of New York

4. Bank of Scotland Edinburgh, Scotland (Established 1695)

Bank of Scotland is a commercial and clearing bank based in Edinburgh, Scotland. It is built in 17th century, and was the first to print the owned paper currency.Bank of Scotland merged with Halifax Bank become HBOS in 2001.

Bank of Scotland HQ

3. C. Hoare & Co, London, England (Established 1672)

The C. Hoare & Co founded in 1672 by Sir Richard Hoare, it is the oldest owned privately owned banking house in England. The bank provides private banking, financial planning and investment management services that include loans, saving account, mortgages and investment advisory services.

C.Hoare Bank

2. Berenberg Bank, Hamburg, Germany (Established 1590)

It is built in 1590 by Hans and Paul Berenberg, two brothers who ran a fabric trade and import/export business, this company is very fortunate to be able to grow in the period of prosperity in Hamburg, Germany.

Berenberg Bank

1. Banca Monte dei Paschi di Siena Siena, Italy (Established 1472)

Originally the The Monte in Pieta, or Monte Pio, to lend to the poor from the charity, this is the oldest bank in the world. “Monte,” meaning “heap” refers to the collection of money used for charitable distribution, and the banks really work to benefit the city’s economy. One interesting historical note is that the citizens of Siena put up income from the land as collateral against loans for farming and city infrastructure, which led to it being referred to as Monte dei Paschi in reference to the ground. Today stands as the oldest bank in the world so far, and remain a respectable bank that has branches throughout Italy.

Banca Monte Dei

Do you ever been seen the oldest banks above?

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