Banca Monte dei Paschi di Siena SpA - Company Profile
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Banca Monte dei Paschi di Siena SpA (Banca MPS) provides retail and corporate banking and other financial solutions. Adequate capital, non-interest income and distribution network are a few of its key strengths, even as decline in business performance of Retail Banking segment remains an area for concern. Competition, the emergence of neobanks, and risks related to online identity theft and hacking may affect its growth. However, growing cards and payments channels in Italy, short term economic outlook, strategic initiatives and the emergence of FinTech may provide ample growth opportunities to Banca MPS.
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