A memory device includes a memory bank including a plurality of banks that comprise memory cells, and a PIM (processing in memory) circuit including a plurality of PIM blocks, each of the PIM blocks including an arithmetic logic unit (ALU) configured to perform an arithmetic operation using internal data acquired from at least one of the plurality of banks or an address generating unit. The plurality of PIM blocks include a first PIM block allocated to at least one first bank and a second PIM block allocated to at least one second bank. The address generating unit of the first PIM block is configured to generate a first internal row address for the at least one first bank, and the address generating unit of the second PIM block is configured to generate a second internal row address for the at least one second bank.