MPS Capital Services
From Wikipedia, the free encyclopedia
MPS Capital Services (MPSCS) is an Italian corporate and investment bank based in Florence, Tuscany. The bank is a subsidiary of Banca Monte dei Paschi di Siena (Banca MPS). The subsidiary was known as MPS Banca per l'Impresa until 2007.
- Mediocredito Toscano
- MPS Merchant – Banca per Piccole e Medie Imprese
- MPS Banca per l'Impresa
Native name | MPS Capital Services – Banca per le Imprese S.p.A. |
|---|---|
| Formerly |
|
Company type | |
| Industry | Financial services |
| Founded | 1954 |
| Headquarters | 4 Via Pancaldo, Florence , Italy |
Area served | Italy |
Key people |
|
| Services | Corporate and investment banking |
 6.1 million (2015) | |
| Total assets |  €42.7 billion (2015) |
| Total equity | €1.8 billion (2015) |
| Owners |
|
| Parent | Banca MPS |
| Capital ratio | 13.955% (CET1, February 2016 in pro forma) |
| Website | mpscapitalservices.it |
| Footnotes / references source[1] | |
On 28 March 2012 the bank was one of the banks that were selected to manage Fondo di Garanzia per le Piccole e Medie Imprese (a guarantee fund for SMEs) of the Italian Ministry of Economic Development in a 9-year contract. (other banks were Mediocredito Italiano, Artigiancassa, Istituto Centrale delle Banche Popolari Italiane and Banca del Mezzogiorno – MedioCredito Centrale) [2][3]
History
MPS Banca per l'Impresa was a merger of the two subsidiaries of Banca Monte dei Paschi di Siena: MPS Merchant and MPS Banca Verde (ex-Istituto Federale di Credito Agrario per la Toscana or Istituto Nazionale di Credito Agrario S.p.A. (INCA)[4]) in 2004. The history of MPS Merchant – Banca per Piccole e Medie Imprese (found 2001) could be traced back to Mediocredito Toscano, found 1954. In 2007 the bank received a division of MPS Finance and renamed into MPS Capital Services Banca per le Imprese.
Mediocredito Toscano
Mediocredito Toscano was a bank established in 1954 to provide medium term loan to small and medium companies of Tuscany region, as a statutory corporation. 18 other Mediocredito were also established in the 1950s for the 19 regions of Italy. Due to legal changes from the Legge Amato the bank became a limited company (Italian: Società per Azioni), which Monte dei Paschi di Siena (MPS) owned 74% stake.[5] The Mediocredito also merged with Istituto Nazionale di Credito per il Lavoro Italiano all'Estero S.p.A. that year.
In 1995 MPS also became a limited company (formation of Banca Monte dei Paschi di Siena and Fondazione Monte dei Paschi di Siena). In 2000 the Mediocredito was owned by Banca MPS (80.454% stake) and Banca Toscana (11.676% stake), a subsidiary of Banca MPS (57.278% stake plus 4.983% via Banca Agricola Mantovana (BAM); Banca MPS owned 51.487% stake of BAM).[6] The two banks (BAM and Banca Toscana) were absorbed by Banca MPS in the 2000s.
