Basic information of the bank
- type: Full name of
the commercial bank
: Banca Monte dei Paschi di Siena S.p.A
Founded: 1472HeadquartersLocation
: Siena, Italy, Piazza Salimbeni 3, 53100 Siena SISore
Background: Listed company, as of January 8, 2025, the shareholder structure is as follows:
Italian Ministry of Economy and Finance: 11.731%
Delfin S.à.r.l.: 9.780% (related to Leonardo Del Vecchio)
Gruppo Francesco Gaetano Caltagirone: 5.026%
Banco BPM S.p.A.: 5.003% (acquired 5% on November 14, 2024)
Anima Holding: 3.992% (acquired 3% on November 14, 2024)
Other shareholders: 64.468
%. Historical data shows that Fondazione Monte dei Paschi di Siena was the largest shareholder (more than 55% on December 31, 2009), but its stake fell below 2% (2015) after the 2013 bailout. According to the Banca Monte dei Paschi di Siena - Shareholding Structure, the Italian government will gradually privatize in 2023 and 2024, selling 25% and 15% of its shares, respectively.
Regulation &
ComplianceBanca Monte dei Paschi di Siena is regulated by the European Central Bank (ECB) and the Bank of Italy. According to the European Central Bank - List of Supervised Entities, since the end of 2014, the BMPS has been designated as a Significant Institution and is directly supervised by the ECB. The Bank of Italy is also involved in regulation to ensure compliance.
The bank is a member of the Italian Interbank Deposit Protection Fund (FITD) and provides deposit insurance of up to €100,000. According to the Wikipedia page Banca Monte dei Paschi di Siena - Wikipedia, its subsidiary Widiba joins the FITD, confirming deposit insurance coverage. Recent compliance records show that BMPS has recovered from past regulatory issues (such as the bailout in 2013 and the former executive trial in 2019) and is actively involved in market activities in 2024-2025, such as the planned acquisition of Mediobanca, with no significant new issues.
Deposit & Loan
ProductsBMPS offers a variety of deposit and loan products:
deposit products:
Current Deposits: Includes standard accounts such as Conto Italiano di Deposito.
Fixed Deposits: Fixed term deposits are available, which are suitable for prudent investment.
High-yield savings accounts: No specific interest rate was found, but the bank offered high-yield options.
Large Certificates of Deposit (CDs): According to PickTheBank - MPS Deposits, the deposit interest rate is as high as 2%, which is in line with the characteristics of large certificates of deposit.
Loan products:
Personal loans: including Prestiti Personali (personal loans) and Cessione del Quinto (fifths of transfer loans).
Mortgages: such as Mutuo MPS Mio Surroga (MPS Mio Surroga Mortgage).
Business loans: provide financing for small and medium-sized enterprises and large corporations.
Green loans: such as Finanziamento Green Loan and Finanziamento Energia Verde, which focus on sustainable finance.
Scope of
ServicesBMPS provides a wide range of banking services, including retail banking, corporate banking, private banking, asset management, and more. According to the Wikipedia page Banca Monte dei Paschi di Siena - Wikipedia, its services cover traditional banking activities, asset management, private banking (including mutual funds, wealth management, pension and life insurance), investment banking and corporate finance innovation.
Coverage area: Mainly in Italy, with branches internationally, especially in the main financial centers.
Number of offline outlets: As of 2021, there are 1,368 branches in Italy and 11 abroad, for a total of 1,379. According to Banca Monte dei Paschi di Siena - Wikipedia, in 2020 there were about 1,400 branches, with a slight decrease in 2021.
ATM distribution: Widely distributed in Italy, the exact number is not found, but as a major bank, the ATM network covers the whole country.
Digital Service
ExperienceBMPS provides digital banking services, including the mobile app "App Banca MPS" and online banking. According to the mps.it, customers can download a mobile app and enjoy digital banking services through "Scarica l'App Banca MPS".
APP & Online Banking: Offers the "App Banca MPS" mobile app and online banking service, user ratings not found (Google Play and App Store ratings data are missing).
Core features: No specific list of features found, but typically includes account management, real-time transfers, bill management, and payments, etc., based on standard digital banking services.
