International Day of Banks 2023: Date, History and Mind-Blowing Facts

International Day of Banks 2023: International Day of Banks is December 4, and people all over the world celebrate it every year to honor the important role banks play in keeping people’s money safe by giving them important information. In addition to the well-known job of helping people with their money, banks also help their communities in other ways.

A way for the U.N. General Assembly to bring attention to the important role that foreign development banks can play in supporting long-term growth is to celebrate foreign Day of Banks. The goals of the international community are supported by banks, which help member countries grow in a way that is sustainable and gives them information on how to reach these goals.

International Day of Banks 2023: History

International Day of Banks was created by the UN General Assembly to honor banks and the important part they play in keeping towns financially stable and growing. Banks are places that handle money. People can give them money in the form of savings or checking accounts, and they lend it to people who need it and can offer security. Credit was first used in barter systems with collateral, which is where the idea of banks got its start.

During the Renaissance, rich Italian families set up businesses that were the forerunners of modern banks. These businesses spread across Europe. Cash wasn’t around yet, so traders would keep their gold with bankers until banks became more involved in the local economy. Banks today do a lot of things for their customers, such as personal, business, investment, transaction, insurance, consumer, and trade finance.

People don’t put money into development banks; instead, they lend money to private and public institutions and help the government decide where to spend. This is because the main goal of development banks is to help people, not to make money. It is because the UN knows how important development banks are to the overall growth and financial health of an area that the organization created the International Day of Banks.

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How To Recognize The World Bank Day

Learn more about growth banks.

Development banks don’t take deposits, but they do help both public and private organizations reach their cash goals. You might need one one day, so learn about them.

Put together information packets

Get the news out about what development banks do. The programs they offer could help people in your community.

Set up a chat.

Set up a talk about financial tools with the help of your community leaders and the local development bank. This is a great way for development banks to share the data and tools they have.

5 Surprising Facts About Banks

Assyria and Babylon in the past

In old Assyria, merchants would lend grain as collateral for loans. This was likely the first form of banking.

The well-known Medici bank

In Italy in 1397, one of the most well-known banks was first opened.

The word “bank” comes from the Italian word “table.”

Early Italian bankers used benches and tables, which were called “banc” in old high German and “banca” in old Italian, as trade counters. The word “banc” soon came to mean the transaction itself.

The most banks are in the United States.

In terms of the amount of banks and branches, the United States has the most banks in the world.

Putting money into climate finance

The United Nations has said that development banks will each give about $100 billion to help pay for climate change.

Why It’s Important To Remember International Day of Banks

We value development banks.

Towns need to have development banks that help them get ahead financially. We appreciate the work they do and can’t wait to honor them.

We’d like to know more.

Banks contribute in a variety of ways to the nation’s financial health. We should find out more about the part banks play in our lives and in the places we live.

Bringing attention to it

Everyone should know more about the tools they can use to manage their money. We want to make sure that this information gets to the right place, which is development banks.

INTERNATIONAL DAY OF BANKS DATES