What is the oldest bank still in function?

Written by Editorial Team | Last Updated: August 2026

Banca Monte dei Paschi di Siena S.p.A. operates as the oldest bank still in function globally, having maintained active business operations since its establishment in 1472 by the magistrate of the Republic of Siena. Throughout its extraordinary history, the institution adapted to changing economic paradigms, transitioning from a regional Italian municipal credit provider into a major commercial banking powerhouse. Despite modern financial restructurings, capital reorganizations, and regulatory shifts, the bank has continuously served customers, making it a living monument to the history of commercial banking and financial institutional resilience.

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