Looking At Edinburgh

28 September 2008

Bank of Scotland on Bank Street

Bank of Scotland seen from the side on the Mound, looking towards Calton Hill

The Bank of Scotland was founded on 17th July 1695, when the Parliament of Scotland (which 12 years later was to vote itself out of existence for 292 years) passed an Act of Parliament establishing a national bank to support commerce and facilitate trade – the Bank of Scotland was the oldest commercial bank in Europe still trading. (The Bank of Scotland was forbidden to lend money to the government without Parliamentary approval.) In 1806 the Bank of Scotland moved their headquarters to this building at the top of the Mound, just below the High Street. The street was named Bank Street after the bank. Despite Pat Robertson and the Halifax they were still there a fortnight ago: a couple of years ago they even added a museum. But three centuries of banking history undone, and Lloyds TSB may have done what even an invading army couldn’t.

If you found this page of my blog because you have a complaint to make about the Bank of Scotland, you’re in entirely the wrong place, go here.

This photo is available on Redbubble: Bank of Scotland on Bank Street.

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