The Bank of Saint George was a financial institution of the Republic of Genoa. Founded in 1407 to consolidate the public debt which had been escalating due to the war with Venice for trading and financial dominance. The Bank's primary mission was to facilitate the management of the San Giorgio shares . It was the oldest chartered bank in Europe and of the world. The Bank's headquarters were at the Palazzo San Giorgio, which was built in the 13th century by order of Guglielmo Boccanegra, uncle of Simone Boccanegra, the first Doge of Genoa.
A number of prominent Genoese families were involved in the establishment and governance of the Bank, including the Houses of Grimaldi & Serra. Unusually for its time, the Bank made use of a number of Jewish agents, including the Ghisolfi clan that managed certain possessions around the Black Sea.
Source: Wikipedia.org
Copyright: Creative Commons 3.0
Genova, Italy
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