List of oldest banks in continuous operation
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.
Amsterdam
The 17th century is considered Amsterdam's "Golden Age", during which it became the wealthiest city in the western world. Ships sailed from Amsterdam to the Baltic Sea, North America, and Africa, as well as present-day Indonesia, India, Sri Lanka, and Brazil, forming the basis of a worldwide trading network. Amsterdam's merchants had the largest share in both the Dutch East India Company and the Dutch West India Company. These companies acquired overseas possessions that later became Dutch colonies.
Amsterdam was Europe's most important point for the shipment of goods and was the leading Financial centre of the western world. In 1602, the Amsterdam office of the international trading Dutch East India Company became the world's first stock exchange by trading in its own shares. The Bank of Amsterdam started operations in 1609, acting as a full service bank for Dutch merchant bankers and as a reserve bank.