History
Six centuries of banking in Geneva
History is the proof of stability. Families have entrusted their wealth to Geneva for generations, through wars, revolutions and crises elsewhere.
- 1387
- The Bishop of Geneva, Adhémar Fabri, grants the city a charter that allows lending at interest, at a time when the Church condemned it. Banking in Geneva starts here.
- 16th century
- Protestant refugees from France and Italy settle in Geneva, bringing trade, capital and banking skills with them.
- 1796
- The oldest Geneva private bank still in business today is founded. Others follow in 1805 and 1819.
- 1815
- Swiss neutrality is recognised by the European powers at the Congress of Vienna. Geneva joins the Swiss Confederation the same year.
- 1850
- The Swiss franc becomes the single national currency. In the same decade Geneva opens the first stock exchange in Switzerland.
- 1863
- The Red Cross is founded in Geneva. The League of Nations follows in 1920, then the European seat of the United Nations: the city becomes a meeting place for the world.
- 2011
- GYRA is founded in Geneva, by former Geneva private bankers.