Word “BANK”

THE WORD “BANK”
The derivation of the world Bank has been differently given by different authors. Same authors think that the word “BANK” has been derived from the Italian word “BANCHI” or “BANCHERII”. The payable used in Italian Business Houses. Some believe that it is derived from the German word “BANCK” meaning heap or mounds. The first public bank of Venice established on 1157 is considered as the first ever Public Bank.