Institution

Banking

banking

Moneylending has existed since metal-based coins first appeared in Antiquity. However, its availability is heavily dependent on the dominant people, culture, or religion of a given state.

A shift occurred in the Middle Ages, encouraged by the renewed growth of long-range commercial activities on the Eurasian continent and its peripheries. Specialized moneylenders began to organize when Jewish communities started operating between the Christian and Muslim worlds. However, the boom of credit demand that followed the Crusades in the 12th century encouraged merchants in the Italian city-states to create larger structures for moneylending, effectively founding the first banking institutions, such as the Peruzzi and Bardi houses.

More instruments were developed, like bills of exchange and debt bonds, and banking dynasties such as the di Medici, Fugger, or Welser soon became as powerful as states.

Can spawn

At least one of

All of
- Has game rule: Historical
- This: Genoa
All of
- Has game rule: Random City
- Location Rank: CityorMegalopolis
All of
- Has game rule: Dynamic
- - Has an owner
  - num_pop_type:burghers > 1.0
  - Dominant Culture is same as the Owner's Culture
    Dominant Culture: OwnerCulture
  - At least one of
    Continent: Europe
    Subcontinent: North AfricaorMiddle East
  - OwnerMore than 50 towards Capital Economy
  ↗

Exact conditions

How it spreads

Into a location

From friendly neighbouring locations	average_location_literacy × 0.05
From any neighbouring location	average_location_literacy × 0.01
Through imports	development × 0.03 + average_location_literacy × 0.1
Through exports	development × 0.03 + average_location_literacy × 0.1
To locations in the same market	average_location_literacy × 0.03
To the market centre	1
To the capital, once the country has embraced it	average_location_literacy × 0.05
Where it could have appeared	institution_spread_from_was_possible_spawn_early
Control scaling, once the owner has embraced it	2
Chance to be promoted	average_location_literacy + num_pop_type:burghers × 10

Institution Growth speeds up all of these: Institution Growth (in the location)Institution Growth (country-wide)

Through diplomacy

Each month, countries send the institutions they have embraced to their partner's capital.


Sharing Knowledge	To the country receiving it	0.5
Reined in Junior Diplomacy	To the country receiving it	0.5
Colonial Nation	Both ways	0.5
Conquistador	Both ways	0.5
Dominion	Both ways	0.5
Fiefdom	Both ways	0.5
Member of the Hansa	Both ways	0.5
March	Both ways	0.5
Pradhāna-Mahā-Sāmanta	Both ways	0.5
Secessionists	Both ways	0.5
State Bank	Both ways	0.5
Trade Company	Both ways	0.5
Appanage	Both ways	0.3
Agitate for Liberty	To the country receiving it	0.2
Alliance	Both ways	0.2
Officers Sent	To the country receiving it	0.2
Direct Imperial Free City	Both ways	0.2
Familial Governor	Both ways	0.2
Imperial Free City	Both ways	0.2
Mahā-Sāmanta	Both ways	0.2
Prónoia	Both ways	0.2
Ṭā'ifa	Both ways	0.2
Tǔsī	Both ways	0.2
Uç Bey	Both ways	0.2
Vassal	Both ways	0.2
Fleet Basing Rights	Both ways	0.1
Sponsorship of Military Order	To the country receiving it	0.1
Strengthened Family Ties	To the country receiving it	0.1
Loyalists Supported	To the country receiving it	0.1
Military Supported	To the country receiving it	0.1
Sāmanta	Both ways	0.1
Tributary	Both ways	0.1