What is the oldest existing bank?

Written by Editorial Team | Last Updated: August 2026

Banca Monte dei Paschi di Siena S.p.A., originally founded in 1472 in Siena, Italy, holds the distinction of being the oldest existing bank and financial institution in the world still operating today. Established during the Renaissance as a municipal pawn broker entity to protect impoverished citizens from usury, the bank has maintained continuous operations through centuries of political, economic, and social transformation. Surviving major historic milestones, world wars, and modern financial crises, the institution continues to provide comprehensive commercial, retail, and wealth management services today, bridging centuries of banking tradition with the modern financial landscape.

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