This list of the oldest banks in World 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. Not to mention Banco di Napoli, whose origins date back to 1539, when the first mount of piety was established in Naples; the bank, absorbed by different entities between 2002-2018; according to some scholars its origin may be dated back to 1463; this would make the Bank of Naples the oldest bank in continuous operation until 2018, world-wide.[1]
Tracing its history to a mount of piety founded in 1472, but founded in its present form in 1624. Since 2017, the main shareholder is the Italian Ministry of Economy and Finance (68.247% in 2017).
The only part of the bank that did not go into bankruptcy, the mortgage section, became in 1892 the Banco Hipotecario del Uruguay, nationalized in 1912 and still in operation.
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.
Banca Antonveneta S.p.A. was an Italian bank based in Padua, Italy. The bank was absorbed into Banca Monte dei Paschi di Siena in 2013.
MPS Finance (MPSF) was founded in 2001 and is the finance sub-division of the Banca Monte dei Paschi di Siena. MPS Finance was set up to be one of the "center of excellence" of Monte dei Paschi di Siena Group. Operating on two macro-platforms, MPS Finance performs the typical Investment Banking activity and, at the same time, is a product factory which creates and places a whole range of financial products and services for both corporate and retail customers; there are more than 4.500.000 customers who can buy the products created by MPS Finance in the retail banks, which are more than 2000 in Italy.
Sanpaolo IMI S.p.A. was an Italian banking and insurance conglomerate, based in Turin. It employed about 44,000 people and had about 7 million customers.
Banco di Sicilia was an Italian bank based in Palermo, Sicily. It was a subsidiary of UniCredit but absorbed into the parent company in 2010.
Intesa Sanpaolo S.p.A. is an Italian international banking group. It is Italy's largest bank by total assets and the world's 27th largest. It was formed through the merger of Banca Intesa and Sanpaolo IMI in 2007, but has a corporate identity stretching back to its first foundation as Istituto Bancario San Paolo di Torino in 1583.
There are three main types of credit institutions and banks in Italy. Commercial banks, which include three national banks, chartered banks, cooperative banks, and private banks across the country, are the most common.
Interbanca S.p.A. was an Italian merchant bank that specializes in lending and financing transactions for medium-sized firms. Its headquarters are in Milan and it has 10 branches in major cities throughout Italy.
MPS Capital Services Banca per le Imprese S.p.A. known as MPSCS in short, is an Italian corporate and investment bank based in Florence, Tuscany. The bank is a subsidiary of Banca Monte dei Paschi di Siena. The subsidiary was known as MPS Banca per l'Impresa until 2007.
Banco di Napoli S.p.A., among the oldest banks in the world, was an Italian banking subsidiary of Intesa Sanpaolo group, as one of the 6 retail brands other than "Intesa Sanpaolo". It was acquired by the Italian banking group Sanpaolo IMI in 2002 and ceased being an independent bank. In February 2018, Intesa Sanpaolo announced their new business plan, which would retire Banco di Napoli and other brands; the legal person of Banco di Napoli would be absorbed into Intesa Sanpaolo S.p.A.
Fabrizio Viola is an Italian banker.
Cassa di Risparmio di Asti known as Banca CR Asti or just Banca di Asti, is an Italian saving bank based in Asti, Piedmont. It serves Piedmont and Lombardy regions.
Cassa di Risparmio di Biella e Vercelli S.p.A. known as BiverBanca, is an Italian saving bank based in Biella, Piedmont. It was acquired by fellow Piedmontese bank Cassa di Risparmio di Asti from Banca Monte dei Paschi di Siena in 2012. BiverBanca had almost all the branches in Piedmont and Aosta Valley, especially in the area around Biella and Vercelli : 46 branches in the Province of Biella and 46 branches in the Province of Vercelli, 10 in Turin and 6 in the Province Novara; 3 in the Province of Alessandria; 5 branches in Aosta Valley; 1 branch in the Province of Verbano-Cusio-Ossola, and lastly 1 branch in Milan, the financial hub of Italy.
Nexi S.p.A. formerly known as Istituto Centrale delle Banche Popolari Italiane S.p.A. (ICBPI) is an Italian bank that specialises in payment systems such as Nexi Payments. The bank was specialised as a central institution of Italian Popular Bank..
Associazione di Fondazioni e di Casse di Risparmio S.p.A. is an Italian banking association. The members were the savings banks of Italy, or the foundation that originate from the reform trigger by Legge Amato.
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.
Banco BPM S.p.A. is an Italian bank that started to operate on 1 January 2017, by the merger of Banco Popolare and Banca Popolare di Milano (BPM). The bank is the third largest retail and corporate banking conglomerate in Italy, behind Intesa Sanpaolo and UniCredit. The bank had dual headquarters in Verona and Milan respectively.
↑ 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
↑ "First Tennessee National Corporation." International Directory of Company Histories, edited by Paula Kepos, vol. 11, St. James Press, 1995, pp. 120-121. Gale Virtual Reference Library.
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