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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.
Depending on the definition, the world's oldest bank is either Banca Monte dei Paschi di Siena or 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]
Year | Company | Country (historic) | Country (modern) | Notes |
---|---|---|---|---|
1472 | Banca Monte dei Paschi di Siena | Siena, Republic of Siena | 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 | Germany | The oldest merchant bank |
Year | Company | Country (historic) | Country (modern) | Notes |
---|---|---|---|---|
1668 | Sveriges Riksbank | Kingdom of Sweden | Sweden | The world's oldest central bank. |
1672 | C. Hoare & Co. | Kingdom of England | 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 | Germany | |
1690 | Barclays | Kingdom of England | United Kingdom | |
1692 | Coutts & Co. | Kingdom of England | United Kingdom | Part of NatWest Group. |
1694 | Bank of England | Kingdom of England | United Kingdom | |
1695 | Bank of Scotland | Kingdom of Scotland | United Kingdom | Part of Lloyds Banking Group. |
Banca Monte dei Paschi di Siena S.p.A., known as BMPS or just MPS, is an Italian bank. Tracing its history to a mount of piety founded in 1472 and established in its present form in 1624, it is the world's oldest or second oldest bank, depending on the definition, and the fifth largest Italian commercial and retail bank.
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MPS Finance (MPSF) was an Italian investment bank that was a sub-division of the Banca Monte dei Paschi di Siena. It operated between 2001 and 2007 when it was merged to form MPS Capital Services.
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Fondazione Monte dei Paschi di Siena (FMPS) is a philanthropic organization based in Siena, Tuscany, Italy. The foundation was in fact the original statutory corporation of Monte dei Paschi di Siena. Due to Legge Amato, in 1995 there was a separation: Banca Monte dei Paschi di Siena became the company controlling the banking business, meanwhile the statutory corporation became Fondazione MPS, a foundation and private legal person which held the bank's shares.
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