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There are banks in the world that have been operating for more than five centuries, having calmly survived many wars, rulers and economic crises.
Central Bank of the United Kingdom.
Reliability and reputation of the bank are the main criteria that a potential client pays attention to. The longer the bank has been on the market, the more reasons to trust it.
The editorial staff of PaySpace Magazine suggests recalling a dozen banks that appeared several centuries ago and are still operating today.
The bank was founded on February 27, 1472 by the General Council of the Siena Republic to issue loans at low interest rates to indigent residents. Monte dei Paschi di Siena is the oldest bank in the world still operating today. It has over 2000 branches and 4.5 million users. The bank's headquarters, Palazzo Salimbeni, houses a collection of works of art and unique historical documents belonging to the bank. The collection is not available to ordinary people.
The oldest bank in Germany and the second oldest operating in the world. Physically Berenberg Bank is located in Hamburg. The founders of the bank - brothers Berenberg, Hans and Paul, traded in clothes and were engaged in import and export. The period of formation and development of the bank very well coincided with the heyday of Hamburg. The city quickly became a center for commercial and financial activity, and entrepreneurs succeeded in their business, along with other members of a small group of Dutch people who did not even have full civil rights in Hamburg. The company grew rapidly and accumulated funds, with which, in the end, the bank was opened, which is still in good health.
The Credit Bank in Amsterdam was founded in 1614. The bank consists of six branches, two shops and an auction house. Stadsbank van Lening accepts gold, silver, diamond jewelry, as well as goods such as bicycles, musical instruments and digital cameras as collateral. Things are pledged for 6 months, but if they are not redeemed back, then such things turn into lots of the auction house. Trades are held once a month for jewelry and once every 2 months for others. The unredeemed goods are sent to the company's stores.
Bank of Sweden is considered not only one of the oldest banks, but also the oldest central bank in the world. When founded, it was called the Riksens ständers bank. It received its modern name in 1866, when the estate governing body was eliminated.
Today, in addition to the functions of a regulator, the Bank of Sweden is in charge of awarding the Nobel Prize in Economics.
The oldest bank in the UK and the 5th oldest bank in the world. Founded in 1672 by Sir Richard Hoare, C. Hoare & Co remains family owned and is currently run by the eleventh generation of Hoare's direct descendants.
Richard Hoare was a successful jeweler. At that time, the jewelers had secure premises and the necessary resources, which is why he began to lend to his clients. This was the beginning of the bank C. Hoare & Co. A gilded leather bottle became the symbol of his business.
Metzler Bank is a privately owned bank headquartered in Frankfurt am Main. Metzler Bank is the second oldest bank in Germany and has been exclusively owned by the founding family from its founding in 1674 to the present day.
In 1742, the founder's son Benjamin Metzler was elected to the board of directors of the Frankfurt Stock Exchange. Since then, the owners of the bank have been continuously represented on the governing body of the Frankfurt Stock Exchange.
Barclays is one of the largest financial institutions in the UK and the world with a broad presence in Europe, the USA and Asia. The conglomerate's operations are carried out through its subsidiary Barclays Bank PLC.
The modern bank was founded in 1896, when several small London and provincial English banks began to act under a single brand name Barclays and Co. Barclays is the general sponsor of the English Football Premier League.
Interestingly, one of the oldest banks in the world, Coutts, was not originally a bank at all. It was a small shop set up on a London beach and owned by jeweler and banker John Campbell.
But in 1712, the founder passed away, leaving the business to his family members. And in 1755, Campbell's granddaughter married a merchant and banker named James Coutts, who used the store's resources to create a credit organization. It was then that the bank became known as Campbell & Coutts.
Coutts is now a private bank wholly owned by the Royal Bank of Scotland Group.
Another European central bank on the list. The bank was originally erected as a treasury for the British government. Now it completely fulfills all the functions of a regulator, so there is no need to talk about its closure.
One of the most scandalous robberies in the world took place here. So, in 2006, the manager of the bank's depository was forced to open a vault where ninety two and a half million dollars lay, as the robbers held his entire family hostage.
The bank was founded in 1695, and its head office is located in the city of Edinburgh. The existence of this bank proves that nothing is more permanent than temporary. The Bank of Scotland was founded by Act of Parliament to support entrepreneurship in the country for a period of 21 years.
It is the first and last commercial institution established by the Scottish Parliament and is still in operation today. At first, the bank could not give loans to the government without parliamentary approval, which underlined the bank's focus on business development in the future. In addition, it was the Bank of Scotland that began the first in the country to start printing its own paper money.
(c) psm7.com
Central Bank of the United Kingdom.
Reliability and reputation of the bank are the main criteria that a potential client pays attention to. The longer the bank has been on the market, the more reasons to trust it.
The editorial staff of PaySpace Magazine suggests recalling a dozen banks that appeared several centuries ago and are still operating today.
1. Monte dei Paschi di Siena - Италия, 1472 г
The bank was founded on February 27, 1472 by the General Council of the Siena Republic to issue loans at low interest rates to indigent residents. Monte dei Paschi di Siena is the oldest bank in the world still operating today. It has over 2000 branches and 4.5 million users. The bank's headquarters, Palazzo Salimbeni, houses a collection of works of art and unique historical documents belonging to the bank. The collection is not available to ordinary people.
2. Berenberg Bank - Germany, 1590
The oldest bank in Germany and the second oldest operating in the world. Physically Berenberg Bank is located in Hamburg. The founders of the bank - brothers Berenberg, Hans and Paul, traded in clothes and were engaged in import and export. The period of formation and development of the bank very well coincided with the heyday of Hamburg. The city quickly became a center for commercial and financial activity, and entrepreneurs succeeded in their business, along with other members of a small group of Dutch people who did not even have full civil rights in Hamburg. The company grew rapidly and accumulated funds, with which, in the end, the bank was opened, which is still in good health.
3. Stadsbank van Lening - Holland, 1614
The Credit Bank in Amsterdam was founded in 1614. The bank consists of six branches, two shops and an auction house. Stadsbank van Lening accepts gold, silver, diamond jewelry, as well as goods such as bicycles, musical instruments and digital cameras as collateral. Things are pledged for 6 months, but if they are not redeemed back, then such things turn into lots of the auction house. Trades are held once a month for jewelry and once every 2 months for others. The unredeemed goods are sent to the company's stores.
4. Sveriges Riksbank - Sweden, 1668
Bank of Sweden is considered not only one of the oldest banks, but also the oldest central bank in the world. When founded, it was called the Riksens ständers bank. It received its modern name in 1866, when the estate governing body was eliminated.
Today, in addition to the functions of a regulator, the Bank of Sweden is in charge of awarding the Nobel Prize in Economics.
5.C. Hoare & Co - England, 1672
The oldest bank in the UK and the 5th oldest bank in the world. Founded in 1672 by Sir Richard Hoare, C. Hoare & Co remains family owned and is currently run by the eleventh generation of Hoare's direct descendants.
Richard Hoare was a successful jeweler. At that time, the jewelers had secure premises and the necessary resources, which is why he began to lend to his clients. This was the beginning of the bank C. Hoare & Co. A gilded leather bottle became the symbol of his business.
6. Metzler Bank - Germany, 1674
Metzler Bank is a privately owned bank headquartered in Frankfurt am Main. Metzler Bank is the second oldest bank in Germany and has been exclusively owned by the founding family from its founding in 1674 to the present day.
In 1742, the founder's son Benjamin Metzler was elected to the board of directors of the Frankfurt Stock Exchange. Since then, the owners of the bank have been continuously represented on the governing body of the Frankfurt Stock Exchange.
7. Barclays - England, 1690
Barclays is one of the largest financial institutions in the UK and the world with a broad presence in Europe, the USA and Asia. The conglomerate's operations are carried out through its subsidiary Barclays Bank PLC.
The modern bank was founded in 1896, when several small London and provincial English banks began to act under a single brand name Barclays and Co. Barclays is the general sponsor of the English Football Premier League.
8. Coutts - England 1692
Interestingly, one of the oldest banks in the world, Coutts, was not originally a bank at all. It was a small shop set up on a London beach and owned by jeweler and banker John Campbell.
But in 1712, the founder passed away, leaving the business to his family members. And in 1755, Campbell's granddaughter married a merchant and banker named James Coutts, who used the store's resources to create a credit organization. It was then that the bank became known as Campbell & Coutts.
Coutts is now a private bank wholly owned by the Royal Bank of Scotland Group.
9. Bank of England - England, 1694
Another European central bank on the list. The bank was originally erected as a treasury for the British government. Now it completely fulfills all the functions of a regulator, so there is no need to talk about its closure.
One of the most scandalous robberies in the world took place here. So, in 2006, the manager of the bank's depository was forced to open a vault where ninety two and a half million dollars lay, as the robbers held his entire family hostage.
10. Bank of Scotland - Scotland, 1695
The bank was founded in 1695, and its head office is located in the city of Edinburgh. The existence of this bank proves that nothing is more permanent than temporary. The Bank of Scotland was founded by Act of Parliament to support entrepreneurship in the country for a period of 21 years.
It is the first and last commercial institution established by the Scottish Parliament and is still in operation today. At first, the bank could not give loans to the government without parliamentary approval, which underlined the bank's focus on business development in the future. In addition, it was the Bank of Scotland that began the first in the country to start printing its own paper money.
(c) psm7.com
