Banca Monte Dei Paschi di Siena-The oldest surviving bank in the world

Since the establishment of banking institutions in the Middle Ages and the beginning of the Renaissance, the first modern banks have come to Italy. Italy was at the heart of banking history during the Renaissance, with the provinces of the cities of Florence, Venice, Milan, Genoa, Venice, and Siena controlling global trade.

The fact that the world's oldest bank still stands is a testament to its ability to keep up with the times. Each bank has its own history, but the bank has survived for hundreds of years, and the main reason is that it is backed by a powerful organization. With its rich culture and rich history and due support, the Bank will continue to grow for many years to come.

In 1995, an Italian bank was converted from a consolidated stock company into a joint-stock company known as Banca Monte Dei Paschi di Siena Banca M.P.S. The operation of the banks is controlled by Unicredit in Milan, the strong headquarters of Monte Dei Paschi, founded in the center of Siena's history in 1472. Fondazione Monte de I Paschi Di Siena was created to continue with the bank's relief operations after being rescued in 2013 and is still the bank's largest shareholder.

According to the original Banca Monte Dei Paschi di Siena, the BMP was established in the 1990s through the integration of business activities into the holding of the MPS Finance Group. It is now one of the five largest banks in Italy and one of the 50 largest banks in Europe. The group operates more than 1,800 stores in Italy and owns more than $ 120 billion in total assets.

Banca MPS is the second largest bank in Italy in terms of shares held by the Italian government after Cassa Depositi in Prestiti. The two Monte Pio and Monte de Paschi met in 1783 to form the East London Unit, and in 1834 the Cassa di Risparmio was added as part of a savings bank.

After World War I, Monte started a period of significant growth, opened hundreds of branches, performed many debt collection activities, and took over local banks. Given the need to restructure the business to get it back on track, the bank and its owners in the city of Siena were forced to transform themselves into a limited public corporation in 1995. As a result, the bank came under the control of an independent foundation, which continued to regulate its charitable and humanitarian activities.

The Amato Act has encouraged Italian banks, many of which were held in Siena by local, regional, and international governments and institutions, to transform their status into integrated stock companies. At that time, the oldest bank in the world was established in the city of Tuscan, where it took its name to lend to the poor, the poor, and the needy. The bank sponsored charities and charities and sponsored the famous Palio Siena horse race.

It faced a financial crisis and is now the third oldest bank in the world. The Italian bank, which traces its history down to the mountain of dedication, was founded in 1472 (549 years ago) and is now established in 1624 (397 years ago). According to its definition, it is the oldest (or second-largest) bank in the world and Italy's largest commercial bank. The Bank of England has long had strong shareholders and was supported by the British Government, but to this day it is the British Government Bank.

Monte Dei Paschi di Siena claims to be the oldest bank still alive in the world and goes back to its origins in the city of Tuscan where it was named in 1472.

Banca Monte Dei Paschi di Siena goes back to Monte Pio di Siena, which was founded in 1472 by judges in the Republic of Siena to do things that would not be disclosed to help the number of people who had been disadvantaged during the difficult local economy. In 1619 and 1624, the Grand Duke of Tuscany established Monte nonvacabile Paschi Della Citta e Dello Stato in the township, giving it the function of a real bank to revive the city's dry economy and territory. Over the years, Monte has struggled to respond to the growing demand for debt, as the sale of its bonds does not exceed the limits of its securities and greatly increases requests from governments and banks.

On July 6, 2015, following a Greek money laundering survey, the bank's stock exchange was suspended and shares in Monte Dei Paschi fell by 5.7%. Unicredit, one of Italy's largest banks, said under pressure from Rome last month that it had been in talks with Banca Monte Dei Paschi di Siena, the world's largest bank, on the condition that Italy had bad loans.

Banca Monte Dei Pas di Kidisiena, founded in 1472 by Banca Monte Dei Pas di Kidisiena is the oldest bank in the world and survives as a product bank with branches in central Italy. Customers at first just don’t see much difference. Mediocredito Toscano, a Monte-controlled bank, was renamed MPS (Merchant Spa) in 2001. The world's largest bank, Server Riksbank, was founded in 1668 in the ruins of Stockholm's Branco.