Banca Monte dei Paschi di Siena, founded in 1472 is
considered to be the oldest bank in the world. Today’s parent company of
Italy’s third largest banking group, the bank holds significant market
shares in all areas of business.
The Montepaschi Group is
present all over Italy and in the major international financial centres,
with operations ranging from traditional banking activities to Private
Banking (mutual funds, wealth management, pension funds, and life
insurance policies) and Corporate Banking (project finance, merchant
banking, and financial advisory), with a special vocation for household
accounts and small and medium enterprises. With some 33,000 employees
and over 3,000 branches, the Montepaschi Group offers its services to
more than 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 responsibility ethic
- Orientation towards the customer
- Attention to change
- Entrepreneurship and productivity
- Professional competence
- Team spirit and cooperation
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.
Information, skills and knowledge are placed at the
disposition of individuals, businesses, trade associations, and local
and national public agencies engaged in projects of aid and stimulus to
business development, as well as in finance projects which form the
basic conditions for growth.
The International Bank for Reconstruction and Development (IBRD) lends to governments of middle-income and creditworthy low-income countries.
The International Development Association (IDA) provides interest-free loans—called credits— and grants to governments of the poorest countries.
The International Finance Corporation (IFC) provides loans, equity and technical assistance to stimulate private sector investment in developing countries.
The Multilateral Investment Guarantee Agency (MIGA) provides guarantees against losses caused by non-commercial risks to investors in developing countries.
The International Centre for Settlement of Investment Disputes (ICSID) provides international facilities for conciliation and arbitration of investment disputes.
