Founding of Banca Monte dei Paschi di Siena
- When
- 1472
- Where
- Republic of Siena
- Episodes
- 1
The Banca Monte dei Paschi di Siena traces its history to a mount of piety founded by order of the Magistrature of the Republic of Siena. Its statute was approved on 4 March 1472, and the bank is recognized as the world's oldest bank.
Episodes
Background and detail
Founding in 1472. The institution traces its history to a mount of piety founded by order of the Magistrature of the Republic of Siena. The statute for this entity was approved on 4 March 1472, a date the bank uses to trace its origins.
Historical Significance. Tracing its history to a mount of piety founded in 1472, the bank is described as the world's oldest bank. It was established in its present form in 1624, but the 1472 date remains the starting point of its traced history.
People involved
- Magistrature of the Republic of Siena · Governing body by whose order the mount was founded
Sources
- Banca Monte dei Paschi di Siena Wikipedia, revision of 2026-08-20
Machine-drafted from the cited Wikipedia passages and checked by a reviewing model, not by a human editor. Every passage cites the revision it was written from; dates and places follow those passages.