Created by Anna Mileiko 
Established in 1472 Banca Monte dei Paschi di Siena is the oldest bank in the world. Banca Monte dei Paschi di Siena operates all over Italy and has presence in major international financial centres. Banca Monte dei Paschi di Siena is a universal bank offering products and services ranging from traditional retail banking (current and deposits accounts, payment cards, loans) to private banking (mutual funds, wealth management, pension funds, and life insurance policies), corporate banking (project finance, merchant banking, and financial advisory), Banca Monte dei Paschi di Siena is focused on households and small- and medium- enterprises.
In 2022, Banca Monte dei Paschi di Siena S.p.a. achieved the position of 6th largest bank in Italy with a market share of 3.68%; its total assets dropped by 10.46%.
Additionally, the bank became the 317th profitable bank in relation to its total assets showcasing -0.13% return on assets in 2022.
Also the lender held the 261st position regarging its loans-to-deposits (L/D) registering 92.43% L/D ratio in 2022.
Deposits up to 100,000 EUR are covered by Italian deposit guarantee scheme in Banca Monte dei Paschi di Siena S.p.a.
branch
online banking
Borsa Italiana (XMIL)
Banca Monte dei Paschi di Siena S.p.a. is the 6th largest bank in Italy in terms of total assets. In 2022 its total assets were 115,46 bln EUR, providing the bank with the market share of 3.68%. In 2022 the bank's net income was -153,78 mln EUR. Banca Monte dei Paschi di Siena S.p.a. had 16 180 employees in 2022.
Banca Monte dei Paschi di Siena S.p.a. is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is B+ (highly speculative). Long-term credit rating assigned to the bank by Moody's is Ba1 (non-investment grade speculative).
Interbank Deposit Protection Fund (FITD)Banca Monte dei Paschi di Siena S.p.a. participates in the deposit guarantee scheme of Italy which applies to current accounts, cash accounts, time deposits made by natural persons, legal entities and covers up to up to 100,000 EUR per bank per depositor. Banca Monte dei Paschi di Siena S.p.a. is a member of Interbank Deposit Protection Fund (FITD) and makes its contributions into it.
Montepaschi (Italy)
PIAZZA SALIMBENI, 3, 53100, SIENA, ItalyBanca Monte dei Paschi di Siena S.p.a. is headquartered in SIENA.
