Plaça del Banc de l'Oli

Interesting facts

1. 1

   The square's historical name derives from its former role as a marketplace and exchange center specifically designated for olive oil trade.

2. 2

   It is embedded within Palma's 'Centre' district, which retains a dense network of streets established during the medieval period following the Catalan conquest.

3. 3

   The surrounding buildings showcase traditional Mallorcan domestic architecture with historical wooden beam structures and wrought-iron balconies.

Overview

Plaça del Banc de l'Oli is a historic public square tucked into the labyrinthine medieval streets of Palma de Mallorca's historic center. Its name translates to the 'Square of the Oil Bank,' referencing its commercial past as a trading point for olive oil during earlier centuries. Surrounded by traditional Mallorcan architecture with characteristic green shutters and stone facades, the square serves as a quiet urban pocket away from the heavy foot traffic of major commercial thoroughfares. It acts as an atmospheric connector for pedestrians navigating between larger plazas and historic sites in the old town. The square features characteristic narrow street approaches that preserve the urban layout of medieval Palma.

Insider tips

• Combine a visit here with a walking tour of the surrounding old town alleys.

• Wear comfortable walking shoes with good grip, as the surrounding historic streets feature traditional cobblestone paving.