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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 (552 years ago) and established in its present form in 1624 (400 years ago), it is the world's oldest or second oldest bank, depending on the definition, and the fifth largest Italian ...
Banca Monte dei Paschi di Siena. Siena, Republic of Siena (1472) & Republic of Florence (1624) Italy. Tracing its history to a mount of piety founded in 1472, but founded in its present form in 1624. Since 2017, the main shareholder is the Italian Ministry of Economy and Finance (68.247% in 2017). 1590. Berenberg Bank. Hamburg, Holy Roman Empire.
As of 1 January 2017, the date of formation, Banco BPM is the third largest retail and commercial banking conglomerate by pro forma total assets in Italy, behind UniCredit and Intesa Sanpaolo, and surpassing the former third largest bank Banca Monte dei Paschi di Siena (€164.385 billion at mid-2016).
Banca Monte dei Paschi di Siena is exploring merger options, including with Banco BPM, while Italy's Treasury Ministry has drafted a decree to sell its controlling stake in the bailed-out bank ...
Unsold shares left with underwriters in Monte dei Paschi di Siena's (MPS) capital increase are expected to total less than 100 million euros ($100 million), two people close to the transaction said.
In 1913 the Subsidy Consortium was established, led by the Bank of Italy and also participated by the Banks of Naples and Sicily, some savings banks, Monte dei Paschi di Siena and by the San Paolo Bank of Turin. In 1922 the Consortium saved Ansaldo and took control of it, and in 1923 it did the same with Banco di Roma.
Intesa Sanpaolo S.p.A. is an Italian international banking group. It is Italy's largest bank by total assets and the world's 27th largest. It was formed through the merger of Banca Intesa and Sanpaolo IMI in 2007, but has a corporate identity stretching back to its first foundation as Istituto Bancario San Paolo di Torino in 1583.
Banca Monte dei Paschi di Siena, founded in 1472, is the world's oldest or second oldest bank in continuous operation.. Italy had 11 banking group (excluding banking group that owned by foreign banks) that were supervised by the European Central Bank directly.