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List Of Oldest Banks In Continuous Operation
This list of the oldest banks includes financial institutions in ''continuous'' operation, operating with the same legal identity without interruption since their establishment until the present time. Depending on the definition, the world's oldest bank is either Banca Monte dei Paschi di Siena or Berenberg Bank. Banca Monte dei Paschi di Siena was founded in its present form in 1624, but traces its history to a mount of piety founded in 1472. The Berenberg company was founded in 1590 and has operated continuously ever since with the same family as owners or major co-owners. Banca Monte dei Paschi di Siena is today a large Italian retail bank, while Berenberg Bank is primarily involved in investment banking and private banking for wealthy customers; in any event Berenberg Bank is the world's oldest merchant bank or investment bank. The world's oldest central bank is the Sveriges Riksbank, which was founded in 1668. __TOC__ Banks established before 1600 Banks established ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cornelius Berenberg
Cornelius Berenberg (1634 – 1711) was a Hamburg grand burgher, merchant banker, a member of the Berenberg family, and owner of Berenberg Bank. His grandfather Hans Berenberg (1561–1626) had fled from Antwerp with his brother Paul Berenberg (1566–1645) and established the Berenberg merchant house in Hamburg. In Hamburg, the Berenberg family formed part of the Dutch merchant colony. Cornelius Berenberg was the first to engage in merchant banking. He developed the company into a very successful merchant house and merchant bank, and forged trade links with France, Spain, Portugal, Italy, Scandinavia and Russia. Family connections of the Berenbergs were instrumental to the development, especially in Livorno and Lisbon with its colonies of wealthy Dutch merchants.Manfred Pohl, ''Handbook on the History of European Banks'', European Association for Banking History, p. 362 His father was Hans Berenberg (1593–1640) and his mother was Adelheid Ruhlant (1611–1684), a daughter of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
