The oldest surviving banks in the world since 1472

Jul 09, 2015

Banca Monte dei Paschi di Siena S.p.A. (Italian pronunciation: [ˈbancaˈmonte dei ˈpaski di ˈsjɛːna]) (BMPS) is the oldest surviving bank in the world and Italy’s third largest bank. Founded in 1472 by the magistrate of the city state of Siena, Italy, as a “mount of piety”, it has been operating ever since. Today it has approximately 3,000 branches, 33,000 employees and 4.5 million customers in Italy, as well as branches and businesses abroad.
A subsidiary, MPS Finance, handles investment banking.[3] The bank’s largest shareholder is the Fondazione Monte dei Paschi di Siena (although the foundation’s share-holding has been below 50% since December 2009).