Banca Monte dei Paschi di Siena S.p.A.

Detailed Description

Banca Monte dei Paschi di Siena S.p.A. provides retail and commercial banking services primarily in Italy. It operates through Retail Banking, Corporate Banking, and Wealth Management segments. The company offers funding and lending services, insurance products, financial advisory, and electronic payment services; financial and non-financial services; wealth management and financial planning services; advice on non-financial services, such as tax planning, real estate, art, and legal advisory; fiduciary and trust services; and digital banking services. It also provides leasing and factoring services for companies, tradepeople and self-empoloyed professionals; and medium-and long-term credit facilities, corporate finance, capital markets, and structured finance services. In addition, the company offers investment banking products and services; foreign banking services; and custody and deposit services for dairy products on behalf of third parties. Further, it develops and manages ICT and telecommunication systems. The company operates through a network of 1,418 branches, 140 specialized centers, and 2,647 ATM machines in Italy; 1 operational branch in Shanghai; and 9 representative offices in the areas of Europe, North Africa, India, and China. Banca Monte dei Paschi di Siena S.p.A. was founded in 1472 and is headquartered in Siena, Italy.