Banca Monte dei Paschi di Siena SpAMIL Banca Monte Stock Report

Banca Monte dei Paschi di Siena SpA engages in the provision of retail and commercial banking services. The company is headquartered in Siena, Siena. The company provides banking services, asset management and private banking, including life insurance, pension funds and investment trusts. The company operates though three business segments. The Retail Banking segment covers consumer lending, insurance, provision of financial and non-financial services to retail customers, wealth management, tax planning, financial advisory and planning for private customers. The Corporate Banking division oversees the Group's business strategies targeted to small and medium enterprises, institutions and large corporate for which it offers leasing, factoring, lending and financial products, among others. The Corporate Center segment includes the cancellation of intergroup entries, treasure, governance and support functions. The company transfers non performing loans (NPL) to Banca Ifis SpA and Cerberus Management Capital LP.