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Profile Last Updated: 01/26/2016

Fondazione Monte dei Paschi di Siena

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Purpose and Activities

The purpose of the foundation focuses on art and cultural heritage, education and training, science and technology, public health, community development, and volunteerism and philanthropy promotion within the city of Siena, Italy. .


Established in 1995 - Created in 1472 by Magistrates of the Republic of Siena, Monte dei Paschi di Siena is the world's oldest bank. It was expressly established to locally support the less well-off in a particularly difficult economic period. Following the 1995 Decree of the Ministry of Treasury, the corporate purpose of Monte dei Paschi di Siena public-law corporation, as the direct successor of the former Monte dei Paschi, is the pursuit of charitable goals, assistance and social utility in the fields of scientific research, education, arts and health, mainly in Siena and the surrounding area. In this capacity, the public-law corporation transferred the whole banking activity to Banca Monte dei Paschi di Siena. Monte dei Paschi di Siena SpA, which operates as a global bank, plays the role of parent company of the group of the same name, and carries out credit, financial and insurance transactions.


Fondazione Monte dei Paschi di Siena

Independent foundation


Via Banchi di Sotto 34 Sienna, Italy 53100

Contact Information