- Banca Monte dei Paschi di Siena S
Banca Monte dei Paschi di Siena Net worth 2024 (estimated)
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Banca Monte dei Paschi di Siena facts
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- (Italian pronunciation: [ˈbanka ˈmonte dei ˈpaski di ˈsjɛːna]) (BMPS) is the oldest surviving bank in the world and the Italian third largest commercial and retail bank by total assets, according to research from Ricerche e Studi, using 2014 data
- However, the proposed merger of Banco Popolare and Banca Popolare di Milano would make Banca MPS ranked as the joint-third, using 2015 data (both around €170 billion total assets as at 31 December 2015)
- Founded in 1472 by the magistrate of the city state of Siena, Italy, as a "mount of piety", it has been operating ever since
- In 1995 the bank (Monte dei Paschi di Siena) was transformed from a statutory corporation to a limited company (Banca Monte dei Paschi di Siena), which Fondazione Monte dei Paschi di Siena was the by-product to continue the charity function of the bank
- Today Banca MPS has approximately 2,100 branches, 26,000 employees and 5
- 3 million customers in Italy, as well as branches and businesses abroad
- A subsidiary, MPS Capital Services, handles corporate and investment banking
- Banca MPS's largest shareholder was the Fondazione Monte dei Paschi di Siena before the 2013 bailout
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