List of oldest banks in continuous operation

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Banca Monte dei Paschi di Siena, headquarters in Siena today Palazzo Salimbeni, Siena, Headquarters of Monte dei Paschi di Siena, the worlds oldest surviving bank.jpg
Banca Monte dei Paschi di Siena, headquarters in Siena today
The merchant banker Cornelius Berenberg, a member of the Berenberg family, whose grandfather founded Berenberg Bank in 1590 Cornelius Berenberg.jpg
The merchant banker Cornelius Berenberg, a member of the Berenberg family, whose grandfather founded Berenberg Bank in 1590

This list of the oldest banks includes financial institutions in continuous operation, operating with the same legal identity without interruption since their establishment until the present time.

Contents

The world's oldest bank is Banca Monte dei Paschi di Siena, while the world's oldest merchant bank is Berenberg Bank. Banca Monte dei Paschi di Siena was founded in its present form in 1624, but traces its history to a mount of piety founded in 1472. The Berenberg company was founded in 1590 and has operated continuously ever since with the same family as owners or major co-owners. Banca Monte dei Paschi di Siena is today a large Italian retail bank, while Berenberg Bank is primarily involved in investment banking and private banking for wealthy customers; in any event Berenberg Bank is the world's oldest merchant bank or investment bank. The world's oldest central bank is the Sveriges Riksbank, which was founded in 1668. Banco di Napoli, which was absorbed by different entities between 2002–2018, had origins dating back to 1539, and until its absorption was likely the oldest bank worldwide in continuous operation; some scholars posit that its origins may be dated back to 1463. [1]

Banks established in the 15th and 16th centuries

YearCompanyCountry (historic)Country (modern)Notes
1472 Banca Monte dei Paschi di Siena Siena, Republic of Siena Flag of Italy.svg Italy The world's oldest bank. Founded as a mount of piety, refounded in its present form in the Republic of Florence in 1624
1590 Berenberg Bank Hamburg, Holy Roman Empire Flag of Germany.svg Germany The oldest merchant bank

Banks established in the 17th century

YearCompanyCountry (historic)Country (modern)Notes
1668 Sveriges Riksbank Kingdom of SwedenFlag of Sweden.svg Sweden The world's oldest central bank.
1672 C. Hoare & Co. Kingdom of England Flag of the United Kingdom.svg United Kingdom One of the oldest British banks and the oldest privately owned bank, not a limited company.
1674 Metzler Bank Free City of Frankfurt Flag of Germany.svg Germany
1690 Barclays Kingdom of EnglandFlag of the United Kingdom.svg United Kingdom
1692 Coutts & Co. Kingdom of EnglandFlag of the United Kingdom.svg United Kingdom Part of NatWest Group.
1694 Bank of England Kingdom of EnglandFlag of the United Kingdom.svg United Kingdom
1695 Bank of Scotland Kingdom of Scotland Flag of the United Kingdom.svg United Kingdom Part of Lloyds Banking Group.

Banks established in the 18th century

YearCompanyCountry (historic)Country (modern)Notes
1702 Monte de Piedad de Madrid SpainFlag of Spain.svg Spain Predecessor institution to Bankia (today part of CaixaBank)
1717 Drummonds Bank Kingdom of Great BritainFlag of the United Kingdom.svg United Kingdom A branch of the Royal Bank of Scotland
1727 Royal Bank of Scotland Kingdom of Great BritainFlag of the United Kingdom.svg United Kingdom Part of NatWest Group
1737 Van Lanschot Kempen Dutch RepublicFlag of the Netherlands.svg Netherlands The oldest independent bank in the Netherlands [2] and the Benelux. [3] [4]
1747 Banque Nagelmackers Liège Flag of Belgium (civil).svg Belgium
1750 Rahn+Bodmer ZürichFlag of Switzerland (Pantone).svg  Switzerland
1760 Banque Courtois Kingdom of FranceFlag of France.svg France
1765 Lloyds Bank Kingdom of Great BritainFlag of the United Kingdom.svg United Kingdom Part of Lloyds Banking Group.
1774 Fürstlich Castell'sche Bank Würzburg Flag of Germany.svg Germany
1777 Grenke Bank Baden-Baden, Germany
[ citation needed ]
Flag of Germany.svg Germany Part of GRENKE AG [5]
1780 Landolt & Cie Neuchâtel Flag of Switzerland (Pantone).svg  Switzerland
1782 Bank of Spain SpainFlag of Spain.svg Spain
1783 Bank of Ireland Kingdom of IrelandFlag of Ireland.svg Ireland (and Northern Ireland)
1784 The Bank of New York Mellon Corporation United StatesFlag of the United States.svg United States Oldest US bank tracing to its original incorporation, without resorting to an acquired predecessor[ citation needed ]
1785 Trinkaus & Burkhardt Palatinate Flag of Germany.svg Germany Acquired in 1980s by Midland Bank and then 1992 to British bank HSBC
1786 Hottinger & Cie Kingdom of FranceFlag of the United Kingdom.svg United Kingdom Edmond de Rothschild Group acquired a 42.5% stake in Hottinger Group on 31 May 2022
1792 State Street Corporation United StatesFlag of the United States.svg United States Age dated to predecessor Union Bank
1796 Hauck & Aufhäuser Free City of Frankfurt Flag of Germany.svg Germany
1796 Lombard Odier & Cie GenevaFlag of Switzerland (Pantone).svg  Switzerland
1798 Donner & Reuschel HamburgFlag of Germany.svg Germany
1798 M. M. Warburg & Co. HamburgFlag of Germany.svg Germany
1799 Bank of the Manhattan Company United StatesFlag of the United States.svg United States Predecessor institution to JPMorgan Chase

See also

Notes

    References

    1. "Storia: Banco di Napoli - Intesa Sanpaolo".
    2. International Investment UBS to sell its Netherlands wealth management bizhttps://www.internationalinvestment.net/internationalinvestment/news/3503988/ubs-sell-netherlands-wealth-management-biz Archived 8 February 2021 at the Wayback Machine Accessed 2 January 2021
    3. "A Chinese carmaker agrees to buy a Danish investment bank". The Economist . 5 October 2017. Archived from the original on 15 February 2018. Retrieved 30 January 2021.
    4. The New York Times Belgian Bank Deal 25 April 1990 https://www.nytimes.com/1990/04/25/business/company-news-belgian-bank-deal.html Accessed 2 January 2021
    5. "Banking mit grenke: Schnell und überschaubar | grenke". www.grenke.de.

    Literature