Question

Where was the world’s first modern bank established?

Answer 1

The world's first modern bank, as we understand it today, was established in Sweden. The Bank of Stockholm, now known as Sveriges Riksbank, was founded in 1668.

Answer 2

The world's first modern bank was established in Italy, in the city of Florence, in 1472. The bank was called the Medici Bank and was founded by the Medici family. The Medici Bank was one of the most successful and influential banks of the Renaissance era and played a key role in the development of modern banking practices.

Answer 3

The world's first modern bank was established in Italy in the 14th century. It was called Banca Monte dei Paschi di Siena and is still in operation today. The bank was founded in 1472 in the city of Siena by the Republic of Siena.