Banca Monte dei Paschi di Siena SpA
MIL:BMPS

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Banca Monte dei Paschi di Siena SpA
MIL:BMPS
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Price: 6.648 EUR -0.92% Market Closed
Market Cap: 8.4B EUR
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Banca Monte dei Paschi di Siena SpA
Investor Relations

In the heart of Italy's enchanting Tuscany region lies the centuries-old Banca Monte dei Paschi di Siena SpA, often regarded as the world's oldest bank, with roots dating back to 1472. This storied institution, born in the aftermath of the Black Death to provide aid to its economically deprived population, became a bedrock of financial stability in medieval Italy. Its longevity can be attributed to its policymakers' foresight in adapting through dynamic market conditions and evolving economic landscapes. Traditionally, Monte dei Paschi served as a local financial house, channeling its resources into the region's agricultural and artisan sectors. Over time, as the face of banking transformed, the institution expanded its services, embracing retail and commercial banking, wealth management, and corporate finance, capturing an influential share of the Italian financial tapestry.

Monte dei Paschi's business model thrives on generating income primarily through interest on loans and credit facilities extended to individuals, SMEs, and large enterprises. Like a meticulous weaver of financial fabrics, the bank crafts a balance between traditional banking operations and modern financial services. It generates significant revenue streams from transactional banking services, investment solutions, and advisory offerings for personal and corporate clients. However, it has not been without its tribulations, with significant financial challenges in recent decades demanding state interventions to stabilize its operations. Despite these hurdles, the bank has persevered by aligning its strategies with contemporary financial reforms, seeking to regain its historical stature while navigating the complex web of the European banking environment.

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Management

Mr. Luigi Lovaglio
CEO, GM & Director
No Bio Available
Mr. Andrea Maffezzoni
Chief Financial Officer
No Bio Available
Mr. Alessandro Giacometti
Chief Operating Officer
No Bio Available
Mr. Giovanni Damiani
Chief Information Office
No Bio Available
Ms. Elisabetta Pozzi
Head of Investor Relations
No Bio Available
Mr. Renzo Filippo Riccardo Quagliana
Group General Counsel
No Bio Available
Mr. Ettore Carneade
Chief Compliance Executive
No Bio Available
Ms. Fiorella Ferri
Chief Human Capital Officer
No Bio Available
Mr. Maurizio Bai
Deputy Commercial General Manager
No Bio Available
Mr. Fabrizio Leandri
Chief Lending Officer
No Bio Available

Contacts

Address
SIENA
Siena
Piazza Salimbeni, 3
Contacts
+390577294111.0
www.mps.it