Institution

Banca Monte dei Paschi di Siena

1472 · 15th century · Also known as Monte dei Paschi di Siena

Banca Monte dei Paschi di Siena is an Italian bank founded in Siena in 1472 by the city's government as a public pawn bank (monte di pietà). It is regarded as the oldest bank in the world still operating. It grew into one of Italy's largest banks and needed state rescues after heavy losses in the 2010s.

Banca Monte dei Paschi di Siena
Image: . Ray in Manila · CC BY 2.0 · Wikimedia Commons

Mentioned in 1 state history

Republic of Siena

See also

Cite this entry
APA
The Epoch Institute. (2026). Banca Monte dei Paschi di Siena. In The Epoch Institute Encyclopedia. https://the-epoch-institute.org/encyclopedia/banca-monte-dei-paschi-di-siena
MLA
“Banca Monte dei Paschi di Siena.” The Epoch Institute Encyclopedia, The Epoch Institute, 2026, https://the-epoch-institute.org/encyclopedia/banca-monte-dei-paschi-di-siena. Accessed .
Chicago
The Epoch Institute. “Banca Monte dei Paschi di Siena.” The Epoch Institute Encyclopedia. 2026. https://the-epoch-institute.org/encyclopedia/banca-monte-dei-paschi-di-siena.
Harvard
The Epoch Institute (2026) ‘Banca Monte dei Paschi di Siena’, The Epoch Institute Encyclopedia. Available at: https://the-epoch-institute.org/encyclopedia/banca-monte-dei-paschi-di-siena (Accessed: ).

Last reviewed October 2026Random entry ↻