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Lombard banking refers to the business of Italian moneylenders generally referred to as "Lombards" (in medieval times Northern Italy was referred as Lombardy, a much larger region than the modern Lombardy). The term was often used in a derogatory sense, as Lombard banking was associated with the sin of usury.
Correspondingly, the lombard rate is a central bank lending rate charged to commercial banks for short-term loans with securities pledged as collateral. [ 2 ] The term derives from the Lombard merchants and bankers from Northern Italy who systematized and expanded these lending techniques in medieval European trade networks, particularly in the ...
1397 – The Medici Bank of Florence is established in Italy and operates until 1494. 1542 – The Great Debasement, the English Crown's policy of coin debasement during the reigns of Henry VIII and Edward VI. 1553 – The first joint-stock company, the Company of Merchant Adventurers to New Lands, was chartered in London.
Digital banking in Lombardy has grown 20 percentage points since 2015, the central bank said in a report on the region's economy, which grew 3.8% in 2022, slightly above the national average.
The enterprising class of the communes extended its trade and banking activities well into northern Europe; the metonym "Lombard" designated a merchant or banker from northern Italy, for example Lombard Street, London. The name "Lombardy" came to denote the whole of northern Italy until the 15th century and sometimes later. [63]
Banca del Territorio Lombardo is an Italian cooperative bank based in Pompiano, Lombardy.. In terms of branches, the bank is the second largest bank (as of 2016) among the Federazione Italiana delle Banche di Credito Cooperativo - Casse Rurali ed Artigiane (), behind Banca di Credito Cooperativo di Roma.
Italy had 11 banking group (excluding banking group that owned by foreign banks) that were supervised by the European Central Bank directly. According to Mediobanca, the overall number of banks and credits institutions in Italy stands at 439 in 2022, which is a sharp decrease from the 740 that were operating in 2011. [1]
Pages in category "Banking in Italy" ... List of banks in Italy; Lombard banking This page was last edited on 12 January 2020, at 22:25 (UTC). ...