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monte-paschi

Monte Dei Paschi Di Siena is the oldest bank in the world headquartered in Siena (Italy). It was founded in 1472 in the Republic of Siena, where it currently operate.

Tradition, Culture, Knowledge have made this bank very well-known in the world. Monte Dei Paschi known in Italy as "Il Monte" is a leader in banking in Italy, the Bank is a member of the MPS Group.

The Bank operates with more than 1,900 branches throughout Italy, which constitute the main economic and financial center in Italy and in the world.


It has a collection of historical documents priceless values, and this collection consists of all the documents from the very beginning of its operations. We found out that these documents are not available to the public.
Also the headquarters of the Bank has various artifacts priceless values.

We can say that the bank has its own small museum of various items and documents that make up this bank special. The design of the interior of the bank is breathtaking. The decoration of Bank has preserved through the centuries, and a tradition known, and that is crediting the local economy.



History 

The public character of the Monte was confirmed with the reform of 1624, which equipped the bank with progressive banking structures. On this occasion, the Medici Grand Duke granted depositors state guarantees on their money by entailing the income from the state-held pasture lands in the Maremma (the "Paschi" which gave the bank its name). 

It is especially meaningful that the Grand Duke asked in return to be indemnified by the entire citizenry of Siena for any losses he might incur. On this foundation, Monte dei Paschi was able to consolidate and increase its banking activity in the seventeenth and eighteenth centuries. Thus the bases were created for its considerable expansion right after national unification, and even more significantly in the twentieth century.

 

In 1995, by decree of the Minister of the Treasury, the banking firm was transformed into a corporation called Banca Monte dei Paschi di Siena. The Bank operates, also through its subsidiaries, in the various sectors of banking and finance, from traditional banking to special credit to asset management, insurance, and investment banking.   

 

The Monte has a strong retail vocation (families and small and medium businesses) that helps to make it the "bank of reference" in all the areas in which it is active. Since June 1999, Banca Monte dei Paschi di Siena shares are traded on the Mercato Telematico Azionario (screen-based trading market) of the Italian Stock Exchange, and since September 1999 it is listed on the market's most representative index, FTSE MIB. 




All in all, the bank has one big plus for the preservation of the local economy as well as the tradition of banking.

 

On the website of the Bank you can find all contact information such as a phone number, Email and address for each Branch.

​​​Banca Monte dei Paschi di Siena S.p.A.
Piazza Salimbeni, 3
53100 Siena SI
Web: https://www.mps.it

Date: 27.03.2016 Bankinfobook