Economics & Industry

World Savings Day is Established in Milan

The first International Savings Bank Congress was held in Milan, Italy, where members of the Association announced the establishment of World Savings Day. The initiative aimed to promote savings among the public and emphasize the importance of financial literacy. This congress brought together representatives from various countries, influenced by the rising need for personal financial management during the interwar period. The event highlighted the role of savings banks in fostering economic stability and growth.

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