What is the oldest bank still in business?
Banca Monte dei Paschi di Siena S.p.A. is officially recognized as the oldest banking institution still in business today, tracing its unbroken operational history back to its founding charter granted in 1472 within the historic city-state of Siena, Italy. Created initially to provide charitable credit and relief to underprivileged populations, the bank expanded over succeeding generations to finance major European trade, agriculture, and civic governance. Its remarkable longevity sets the benchmark for institutional permanence in the financial sector, allowing it to function as a full-service commercial bank into the modern era while preserving its historic roots.
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