SILTV.COM – According to modern financial definitions, a bank is an institution licensed to receive deposits and make loans, serving as a cornerstone for currency circulation. Today, our financial ecosystem has diversified significantly, branching into conventional systems and Syariah (Islamic) banking.
But have you ever wondered how this massive network began? While modern entities like Italy’s Banca Monte dei Paschi (founded in 1472, with roots extending to 1397) are recognized as the oldest operating banks, the practice of banking itself dates back thousands of years.
Let’s travel through time to explore the fascinating evolution of banking from century to century.
