What is BMPS and how it works?
Banca Monte dei Paschi di Siena (BMPS):
The world’s oldest surviving bank;
One of Italy’s largest banks;
Provides consumer, business, and other banking services;
Has 4.5 million clients through more than 1900 branches throughout the country;
Has limited operations in several other nations;
Split into a public institution and in incorporated banking arm;
Headquarters are host to a magnificent art collection and large number of priceless historical documents;
Primary sponsor of Italian basketball club Mens Sana Basket of Siena, currently in serie A and a frequent participant of Euro league.
1472 – birth of Monte dei Paschi for the purpose of granting loans to “poor or miserable or needy persons” at a minimal interest rate. …
