History of banking

modern bankingbankerbanking historyBanking, History ofbanksdevelopment of bankingearly bankingGermany's oldest bankmedieval bankingquinqueviri mensarii
The history of banking began with the first prototype banks which were the merchants of the world, who made grain loans to farmers and traders who carried goods between cities.wikipedia
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Bank

bankerbankingbanking system
The history of banking began with the first prototype banks which were the merchants of the world, who made grain loans to farmers and traders who carried goods between cities. Many histories position the crucial historical development of a banking system to medieval and Renaissance Italy and particularly the affluent cities of Florence, Venice and Genoa.
In the history of banking, a number of banking dynasties – notably, the Medicis, the Fuggers, the Welsers, the Berenbergs, and the Rothschilds – have played a central role over many centuries.

Money changer

money changingmoneychangermoney changers
By the end of the 16th century and during the 17th, the traditional banking functions of accepting deposits, moneylending, money changing, and transferring funds were combined with the issuance of bank debt that served as a substitute for gold and silver coins.
The advent of paper money in the mid-17th century and the development of modern banking and floating exchange rates in the 20th century allowed a foreign exchange market to develop.

History of money

monetary historyabandonmentan international currency of the early ages
The history of banking is intertwined with the history of money.
History of banking

List of oldest banks in continuous operation

oldest bankoldest or second oldest banksecond oldest merchant bank
The oldest bank still in existence is Banca Monte dei Paschi di Siena, headquartered in Siena, Italy, which has been operating continuously since 1472.
History of banking

Murashu family

House MurashuMurashuMurashu Sons
The provision of credit is apparently also something the Murashu family participated in (Moshenskyi 2008).
* History of Banking

Hamburg

Hamburg, GermanyFree and Hanseatic city of HamburgHambro
Medieval trade fairs, such as the one in Hamburg, contributed to the growth of banking in a curious way: moneychangers issued documents redeemable at other fairs, in exchange for hard currency.
The city is the seat of Germany's oldest bank, the Berenberg Bank, M.M.Warburg & CO and HSH Nordbank.

Banker (ancient)

bankertrapezites
According to one source (Dandamaev et al), trapezites were the first to trade using money, during the 5th century BCE, as opposed to earlier trade which occurred using forms of pre-money.
History of banking

Middle Ages

medievalmediaevalmedieval period
The original banks were "merchant banks" that Italian grain merchants invented in the Middle Ages.
The rise of banking in Italy during the 13th century continued throughout the 14th century, fuelled partly by the increasing warfare of the period and the needs of the papacy to move money between kingdoms.

Islamic banking and finance

Islamic bankIslamic banksIslamic finance
Despite the prohibition of charging interest, during the 20th century a number of developments took place that would lead to an Islamic banking model where no interest is charged but banks would still operate for profit.
History of banking

Giro

funds transferAcceptgirocheck account
Four decades later they added the Postcheque and Girodienst services allowing working families to make payments via post offices in the Netherlands.
Giro was a common method of money transfer in early banking.

Public bank

public bankingpublicPublic Bank Behad
In 1401 the magistrates of Barcelona, then the capital of the Principality of Catalonia, established in the city the first replication of the Venetian model of exchange and deposit, Taula de Canvi – the Table of Exchange, considered to be the first public bank of Europe.
History of Banking

Amsterdam Wisselbank

Bank of AmsterdamWisselbank
1609 – The Amsterdamsche Wisselbank (Amsterdam Exchange Bank) was founded.
* History of banking

Early Canadian banking system

chartered bankshistory of Canadian banking
Early Canadian banking system
History of banking

Assyria

AssyriansAssyrianAssyrian Empire
This was around 2000 BC in Assyria, India and Sumeria.

Ancient Greece

Greekancient Greekancient Greeks
Later, in ancient Greece and during the Roman Empire, lenders based in temples made loans, while accepting deposits and performing the change of money.

Roman Empire

RomanRomansEmpire
Later, in ancient Greece and during the Roman Empire, lenders based in temples made loans, while accepting deposits and performing the change of money.

Deposit account

depositsdepositbank deposit
Later, in ancient Greece and during the Roman Empire, lenders based in temples made loans, while accepting deposits and performing the change of money.

Bureau de change

currency exchangebureaux de changeforeign currency exchange
Later, in ancient Greece and during the Roman Empire, lenders based in temples made loans, while accepting deposits and performing the change of money.

History of China

Chineseimperial Chinaancient China
Archaeology from this period in ancient China and India also shows evidence of money lending.

History of India

ancient IndiaIndiaIndian
Archaeology from this period in ancient China and India also shows evidence of money lending.

Italy

🇮🇹ItalianITA
The oldest bank still in existence is Banca Monte dei Paschi di Siena, headquartered in Siena, Italy, which has been operating continuously since 1472. Many histories position the crucial historical development of a banking system to medieval and Renaissance Italy and particularly the affluent cities of Florence, Venice and Genoa.

Florence

FlorentineFirenzeFlorence, Italy
Many histories position the crucial historical development of a banking system to medieval and Renaissance Italy and particularly the affluent cities of Florence, Venice and Genoa.

Venice

VenetianVenetiansVenezia
Many histories position the crucial historical development of a banking system to medieval and Renaissance Italy and particularly the affluent cities of Florence, Venice and Genoa.