"Normal" Places We Go / Money

Monte dei Paschi di Siena: The World’s Oldest Bank

Monte dei Paschi di Siena

Rocca Salimbeni and Banca Monte dei Paschi di Siena

We are in front of the impressive former stronghold of the Salimbeni family, wealthy Ghibelline merchants and bankers. In the 15th century, their fortress home was confiscated by the Commune of Siena which placed the toll post and the “Monte Pio” later incorporated into Monte dei Paschi di Siena. The Monte dei Paschi is the oldest bank in the world, founded in 1472; its head offices are still in this palace:

Monte dei Paschi di Siena

Monte dei Paschi di Siena

Monte dei Paschi di Siena

Monte dei Paschi di Siena

Monte dei Paschi di Siena

Monte dei Paschi di Siena

The entrance to the bank headquarters:

Monte dei Paschi di Siena entrance

Looking back toward the square:

Monte dei Paschi di Siena

Security was fairly tight within the bank headquarters (especially by Italian standards) and so I did not get the opportunity to take pictures of the art and antiques, but the interior was gorgeous. For more about Monte dei Paschi di Siena and/or a virtual tour of the interior of their headquarters and art collection, click here.

Monte dei Paschi di Siena has offices all over the city and they’re all attractive. Here is another:

Monte dei Paschi di Siena

Monte dei Paschi di Siena

And sometimes you only know the bank has an office inside a building because of this:

Monte dei Paschi di Siena

Although based on its appearance in Siena, Monte dei Paschi di Siena may seem like a small bank, it is Italy’s third largest after UniCredit and Intesa Sanpaolo. And today it consists of approximately 3,000 branches, 33,000 employees and 4,500,000 customers in Italy, as well as branches and businesses abroad. A subsidiary, MPS Finance, handles investment banking.

Oh, and it is publicly traded in case you want to own a piece of what you saw above.

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5 thoughts on “Monte dei Paschi di Siena: The World’s Oldest Bank

  1. Pingback: Siena, Italy | The Velvet Rocket

  2. Pingback: Monte Carlo Rolex Masters 2010 Final – Nadal – Verdasco Ceremony 1 | Best of Tennis

    • If you show them an ID that proves you are not Italian, they let you enter your PIN in the manner to which we are accustomed.

  3. Pingback: Cloud computing can be traced to 3000 B.C.? | Virtela Viewpoint

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