Banca Monte dei Paschi di Siena

1472 establishments in Europe15th-century establishments in the Republic of SienaBanks established in the 15th centuryBanks of ItalyBanks under direct supervision of the European Central Bank ... and 6 more

Companies based in SienaHistory of bankingMedieval economicsMontepaschi GroupMounts of pietyOrganizations established in the 1470s

Banca Monte dei Paschi di Siena S.p.A. (Italian pronunciation: [ˈbaŋka ˈmonte dei ˈpaski di ˈsjɛːna]), known as BMPS or just MPS, is an Italian bank. Tracing its history to a mount of piety founded in 1472 (550 years ago) and established in its present form in 1624 (399 years ago), it is the world's oldest or second oldest bank, depending on the definition, and the fifth largest Italian commercial and retail bank.In 1995, the bank (then known as Monte dei Paschi di Siena) was transformed from a statutory corporation to a limited company called Banca Monte dei Paschi di Siena (Banca MPS). The Fondazione Monte dei Paschi di Siena was created to continue the charitable functions of the bank and to be, until the bailout in 2013, its largest single shareholder. According to research by Mediobanca and a press release issued by Banco BPM, Banco BPM overtook BMPS as the third largest commercial banking group in Italy (in terms of total assets) on 31 December 2016, after Banco BPM's formal formation on 1 January 2017. In 2016–17, BMPS was struggling to avoid a collapse, and it was bailed out again by the Italian government in July 2017. On 5 October 2018, BMPS announced the sale of its Belgian subsidiary, Banca Monte Paschi Belgio (BMPB), to a company participated in by funds managed by Warburg Pincus. The sale price was set at €42 million, subject to an adjustment mechanism. In 2020, BMPS had approximately 1,400 branches, 21,000 employees and 3.9 million customers in Italy, as well as branches and businesses abroad. A subsidiary, MPS Capital Services, handles corporate and investment banking.

Excerpt from the Wikipedia article Banca Monte dei Paschi di Siena (License: CC BY-SA 3.0, Authors).

Banca Monte dei Paschi di Siena
Banchi Di Sopra, Siena San Prospero

Geographical coordinates (GPS) Address Nearby Places
placeShow on map

Continue reading on Wikipedia

Geographical coordinates (GPS)

Latitude	Longitude
N 43.321388888889 °	E 11.330833333333 °

placeShow on map

Address

Monte dei Paschi di Siena

Banchi Di Sopra
53100 Siena, San Prospero
Tuscany, Italy
mapOpen on Google Maps

Nearby Places

Palazzo Salimbeni

Palazzo Salimbeni is a Gothic style urban palace located on the Piazza Salimbeni, just off Via Banchi di Sopra in the Terzo di Camollia of the city of Siena, region of Tuscany, Italy. The building, associated with an ancient mercantile family of Siena, currently houses the main offices of the Banca Monte dei Paschi di Siena, the oldest bank in the world.

Piazza Salimbeni, Siena

The Piazza Salimbeni is a prominent square in central Siena, Region of Tuscany, Italy. It is notable for still housing the offices of one of the first banking houses in Europe, the Banca Monte dei Paschi di Siena. It is surrounded clockwise starting from north by the following palaces: Palazzo Tantucci Rocca or Palazzo Salimbeni Palazzo SpannocchiThe palace facades were harmonized to a neo-gothic-style during the nineteenth century by the architect Giuseppe Partini. In the center of the square is the statue of Sallustio Bandini, a Sienese priest and one of the first Italian economists, sculpted by Tito Sarrocchi (1882).

Palazzo Tantucci

The Palazzo Tantucci is a Renaissance style (more specifically Mannerist) urban palace localized on Via dei Montanini, on the Piazza Salimbeni, in the Terzo di Camollia, in the city of Siena, region of Tuscany, Italy. To the palace's right is the Gothic facade of the Palazzo Salimbeni, and across the Piazza with Sallustio Bandini's statue is the Classic Renaissance facade of the Palazzo Spannocchi. All three palaces are owned now by the Monte dei Paschi di Siena, the oldest bank in the world, which arose in the Salimbeni palace.

Palazzo Spannocchi

The Palazzo Spannocchi is a Renaissance style urban palace located on the Piazza Salimbeni, just off Via Banchi di Sopra in the Terzo di Camollia of the city of Siena, region of Tuscany, Italy. The building was associated with an ancient mercantile family of Siena.

San Donato, Siena

San Donato, also called San Michele al Monte di San Donato, is a Baroque style, Roman Catholic church located on the Piazza on Via dell'Abbadia, Siena, region of Tuscany, Italy. The Monte de Paschi di Siena, whose original offices were in the Palazzo Salimbeni, whose rear facade faces the church, has a Pinacoteca/Museum called San Donato.

Santa Maria delle Nevi, Siena

Santa Maria delle Nevi is a small Renaissance style Roman Catholic church or oratory located on Via Banchi di Sopra in the Terzo di Camollia of the city of Siena, region of Tuscany, Italy.

Palazzo Bichi Ruspoli

The Palazzo Bichi Ruspoli, or previously Palazzo or Castellare dei Rossi, is an urban palace, located on Via Banchi di Sopra in the present contrada of Civetta, Terzo di Camollia of the city of Siena, region of Tuscany, Italy.

Palazzo Palmieri

The Palazzo Palmieri, or Palazzo Nuti, is a Mannerist style urban palace, located on Via del Moro #48 in the present contrada of Civetta, Terzo di Camollia of the city of Siena, region of Tuscany, Italy. The palace stands mostly facing the church of San Cristoforo, with a large Palmieri coat of arms on the third floor corner of the facade that fronts the Piazza Tolomei, which stands in front of Palazzo Tolomei.

San Pellegrino alla Sapienza

San Pellegrino alla Sapienza o della Sapienza is a Gothic style, Roman Catholic church located at the intersection of via della Sapienza and via delle Terme in Siena, region of Tuscany, Italy. It is located across from the Teatro dei Rozzi.

Palazzo Tolomei

The Palazzo Tolomei is an imposing, Gothic style urban palace, located on Via Banchi di Sopra in the present contrada of Civetta, Terzo di Camollia of the city of Siena, region of Tuscany, Italy.

San Cristoforo, Siena

San Cristoforo is a Roman Catholic church located on Piazza Tolomei in the Northern Terzo di Camollia and contrada of Civetta in the city of Siena, region of Tuscany, Italy. Across the piazza from the church is the Palazzo Tolomei, one of the oldest buildings in the city. The Tolomei for many years were associated with the church.

Biblioteca Comunale degli Intronati

The Biblioteca Comunale degli Intronati is the public library located at Via della Sapienza #3 of the comune of Siena, in Tuscany, Italy.