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The oldest bank still in existence is Banca Monte dei Paschi di Siena, headquartered in Siena, Italy, which has been operating continuously since 1472. [3] Until the end of 2002, the oldest bank still in operation was the Banco di Napoli headquartered in Naples , Italy, which had been operating since 1463.
Three years passed without a bank, and then the Senate passed essentially the same act again. This bank, the Banco della Piazza di Rialto, was a full-reserve bank guaranteed and inspected by the state that dealt only in deposits and transfers. Cheque service was added in 1593 with a law that required citizens to settle all bills of exchange at ...
Former head office of the Bank of Java in Batavia, now Bank Indonesia Museum in Jakarta. The Bank of Java (Dutch: De Javasche Bank N.V., abbreviated as DJB) was a note-issuing bank in the Dutch East Indies, founded in 1828, and nationalized in 1951 by the government of Indonesia to become the newly independent country’s central bank, later renamed Bank Indonesia.
In 2001, Asia Pulp & Paper (APP), the subsidiary of Sinar Mas, called a standstill on $14 billion worth of bonds and loans and stopped repaying its debt, including interest payments, in what is still the largest default to foreign investors in Asian market history. [5]
PT Bank Central Asia Tbk, commonly known as Bank Central Asia (BCA) is an Indonesian bank founded on 21 February 1957. It is the largest private bank in Indonesia with assets amounting to Rp 5.529,83 trillion (USD 308,5 billion) as of 2022. [ 2 ]
Bank Muamalat Indonesia (BMI), commonly called as Bank Muamalat, is a commercial bank in Indonesia operating on the principles of Islamic banking. The bank was founded in 1 November 1991, based on the initiative of the Indonesian Council of Ulamas (MUI) and under the auspices of the Government of Indonesia . [ 1 ]
Bank BTN became the first bank to be appointed by the government to provide housing finance and mortgages to lower and middle income individuals. [6] The bank underwent a corporate restructure in 2003, which was followed by an initial public offering (IPO) in 2009 that led to the listing of Bank BTN on the Indonesia Stock Exchange. [7]
Bank Indonesia Museum (Indonesian: Museum Bank Indonesia) is a bank museum located in Surabaya, Indonesia. It was officially founded by Bank Indonesia and was opened on 27 January 2012 after its restoration. The museum occupies a building formerly known as De Javasche Bank, the central bank of Dutch East Indies. After the Indonesian ...