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Monte dei Paschi di Siena is one of the main banks in Italy. It is the flagship of the MPS Group, which is a leader on the domestic market in terms of market share. Monte dei Paschi, familiarly called “il Monte,” was founded in 1472 under the auspices of the Republic of Siena.
It became the ideal heir of Siena’s prestigious medieval mercantile and banking traditions, developing an efficacious system of credit to the advantage of the local economy. The public character of the Monte was confirmed with the reform of 1624, which equipped the bank with progressive banking structures.
The Gruppo Montepaschi is active all over Italy and in the major international financial centers, with operations ranging from traditional banking activity to asset management and private banking (mutual funds, wealth management, pension funds, and life insurance policies), from investment banking to innovative business financing (project finance, merchant banking, and financial counseling), with a special vocation for “family” accounts and small and medium businesses.
With more than 30,000 employees, more than 3,000 branches, and a well-organized structure of channels of distribution, including a sizable network of financial promoters, the Gruppo Montepaschi offers its services to some six million customers.
The objective of the Group is the creation of value over time for all stakeholders, giving priority to customer satisfaction, personal professional development, shareholders’ interests, and the territory of reference. All this is pursued through an established, shared system of values based on:
A characteristic trait of the Gruppo Montepaschi is its union of the pursuit of its goals of growth and creation of value, proper to any market-oriented business, with the value system expressed by its base territory and communities, a consequence also of the deep roots put down in the community by the banks that are a part of it. In this sense, the Group promotes a strategy of innovation in support of development, characterized by a proactive role focused on the promotion and stimulation of new opportunities for its clientele and for the areas where it maintains a presence.
The Montepaschi Group’s identity and governance are founded in solid values, continuity with its origins, and a long history as a local public institution.
Its mission is to create value for shareholders through a satisfying return on the capital invested.
The challenge is to pursue this mission responsibly, in the interests of the company, the stakeholders, and the community in general.
Monte dei Paschi di Siena are indeed aware of the social significance of the business. That is why they focus on strong integration with the community, the quality of their customer services, integrity and honesty in their relationships; they always seek to combine tradition and the ability to innovate, so that their strategy and performance are truly sustainable