
BANCA MONTE DEI PASCHI DI SIENA S.P.A.
Banca Monte dei Paschi di Siena, founded in 1472, is the world's oldest bank still in operation.
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Banca Monte dei Paschi di Siena S.p.A., often referred to as MPS, is the oldest bank in the world still in operation, having been founded in 1472 in Siena, Italy. The bank has a long and storied history, evolving from a charitable pawn agency to a major player in the Italian banking sector. Today, MPS leads a large banking group with a focus on traditional retail and commercial banking services, serving individuals, small and medium-sized enterprises, and corporate clients. The group is active across Italy and in major international financial markets, offering a comprehensive range of banking and financial services.
Despite its historic roots and long-standing presence in the market, MPS has faced significant challenges in recent years, including financial difficulties and restructuring efforts. The Italian government has become a majority shareholder, and the bank continues to focus on streamlining its operations, enhancing its digital presence, and improving its financial performance. Despite these challenges, MPS remains committed to its mission of providing reliable and innovative financial solutions to its customers while upholding its strong commitment to corporate social responsibility and sustainability.
Mission
Banca Monte dei Paschi di Siena, founded in 1472, is the world's oldest bank in continuous operation. As a major Italian banking group, they are dedicated to providing a full range of traditional retail and commercial banking services, with a particular emphasis on serving households and small to medium enterprises. They are committed to achieving sustainable profitability through a solid balance sheet, optimized operations, and a leading digital platform.
Culture
BANCA MONTE DEI PASCHI DI SIENA S.P.A. promotes a culture of sustainability and social responsibility, emphasizing its commitment to ethical and responsible banking practices. They are active members of international initiatives like the UN Global Compact and the UNEP Finance Initiative, demonstrating their commitment to promoting sustainable growth and diversity. Their focus on ESG (Environmental, Social, and Governance) principles is evident in their efforts to reduce emissions, promote diversity and inclusion, and address legacy issues.
DE&I
Banca Monte dei Paschi di Siena has a commitment to diversity, equity, and inclusion. The bank is a member of Valore D, a network of Italian companies dedicated to promoting female employment, and has signed the Manifesto for Female Employment. The bank has also adhered to the Italian Banking Association's "Women in Banking" Charter, demonstrating a focus on promoting inclusion and equal opportunities. The bank's website also mentions initiatives to enhance its Diversity&Inclusion program, aiming for 40% of women in positions of responsibility.
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