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What is the oldest bank in the world?

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.

How did banking start?

This type of trading was known as the barter system and it was the precursor to the world’s earliest banks. The prototypes for modern banking originated in the medieval and early Renaissance periods of Italy. Around this time, one of the most famous banks in history, Medici Bank, was established.

How did banking work in ancient Rome?

The Romans, who were expert builders and administrators, extricated banking from the temples and formalized it within distinct buildings. During this time, moneylenders still profited, as loan sharks do today, but most legitimate commerce—and almost all government spending—involved the use of an institutional bank.

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