Banca Monte dei Pashi di Siena

Founded in 1472 by the Magistrate of the city-state of Siena, Banca Monte dei Paschi di Siena (MPS) is the world's oldest bank still in operation. The bank provides a full suite of financial services including retail banking, commercial banking, wealth management, and insurance products to individuals, small and medium-sized enterprises, and corporate clients. Despite its long history, the bank has faced significant financial challenges in the 21st century, leading to multiple state-led recapitalizations and restructuring efforts to ensure its stability and continued service within the Italian and European banking systems.