The First Bank in History – Banca Monte dei Paschi di Siena (1472)
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The First Bank in History – Banca Monte dei Paschi di Siena (1472)
The world’s oldest bank still in operation, Banca Monte dei Paschi di Siena (BMPS), was founded in 1472 by the Republic of Siena as a monte di pietà — an early charitable institution offering low-interest loans to the poor. Over time, it evolved into a full-fledged bank, shaping the foundations of modern banking. In the 17th century, the ...
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