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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 (401 years ago), it is the world's oldest bank, and the fifth largest Italian commercial and retail bank.
The world's oldest bank is Banca Monte dei Paschi di Siena, while the world's oldest merchant bank is Berenberg Bank. Banca Monte dei Paschi di Siena was founded in its present form in 1624, but traces its history to a mount of piety founded in 1472. The Berenberg company was founded in 1590 and has operated continuously ever since with the ...
MPS Banca per l'Impresa was a merger of the two subsidiaries of Banca Monte dei Paschi di Siena: MPS Merchant and MPS Banca Verde (ex-Istituto Federale di Credito Agrario per la Toscana or Istituto Nazionale di Credito Agrario S.p.A. (INCA) [4]) in 2004. The history of MPS Merchant – Banca per Piccole e Medie Imprese (found 2001) could be ...
Rome owns 68% of Monte dei Paschi (MPS) after a 2017 bailout and must cut that stake by mid-2022 at the latest. Defying growing political and union pressure to delay an exit, the Treasury is ...
The foundation was in fact the original statutory corporation of Monte dei Paschi di Siena. Due to Legge Amato , in 1995 there was a separation: Banca Monte dei Paschi di Siena became the company controlling the banking business, meanwhile the statutory corporation became Fondazione MPS , a foundation and private legal person which held the ...
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. [7] 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.