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Banca Monte Paschi Belgio

Banca Monte dei Paschi di Siena
Native name
Banca Monte dei Paschi di Siena S.p.A.
listed Società per azioni
Traded as BITBMPS
ISIN IT0005218752
Industry Financial services
Predecessor Monte dei Paschi di Siena
Founded
  • March 4, 1472 (1472-03-04) (as mount of piety)
  • 1995 (as S.p.A.)
Headquarters Siena, Italy
Number of locations
Decrease 2,032 domestic branches, 41 branches abroad (2016)
Key people
Alessandro Falciai (chairman)
Marco Morelli (CEO)
Services
Revenue Decrease €4.282 billion (2016)
Decrease(€2.840 billion) (2016)
Profit Decrease(€3.241 billion) (2016)
Total assets Decrease €153.179 billion (2016)
Total equity Decrease €6.425 billion (2016)
Number of employees
Decrease 25,566 (2016)
Subsidiaries
Capital ratio Decrease 8.17% (CET1, 2016)
Website english.mps.it
Footnotes / references
in consolidated financial statement

Banca Monte dei Paschi di Siena S.p.A. (Italian pronunciation: [ˈbanka ˈmonte dei ˈpaski di ˈsjɛːna]) known as BMPS or just MPS is the oldest surviving bank in the world and the third largest Italian commercial and retail bank by total assets, according to research from Mediobanca, using 2015 data. According to the announcements of BMPS and Banco BPM, Bancao BPM overtook BPMS as the third largest bank in terms of total assets on 31 December 2016. Since the end of 2016, BMPS has been struggling to avoid a collapse.

Founded in 1472 (545 years ago) by the magistrates of the city state of Siena, Italy, as a "mount of piety", it has been operating ever since. 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. Today Banca MPS has approximately 2,000 branches, 26,000 employees and 5.1 million customers in Italy, as well as branches and businesses abroad. A subsidiary, MPS Capital Services, handles corporate and investment banking.

Banca Monte dei Paschi di Siena was founded by order of the Magistrature of the Republic of Siena as Monte di Pietà on March 4, 1472, when its statute was approved. Since then the bank has been in operation without interruption to the present day. It is therefore considered the oldest bank in the world still operating.

The basis of its foundation is the Statuto dei Paschi, written in 1419, a law that regulated all activities related to agriculture and pastoralism in Maremma.


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