This description provides an overview of the history of banking in the United Kingdom. It explains how the UK was the first country to develop a modern banking system, which has since been adopted by many other countries. It also highlights the importance of the UK's banking system in the development of the global
The history of banking began with the first prototype banks, that is, the merchants of the world, who gave grain loans to farmers and traders who carried goods between cities. This was around 2000 BCE in Assyria, India and Sumer. Later, in ancient Greece and during the Roman Empire, lenders based in temples gave loans, while accepting deposits and performing the change of money. Archaeological findings from this period in ancient China and India also include evidence of money lending.