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Banco di Roma

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1939 advert showcasing the Banco di Roma's network in Africa and the Middle East

Banco di Roma was an Italian bank based in Rome, established on 9 March 1880. In the first half of the 20th century, it developed a significant network throughout the Eastern Mediterranean and Italian Africa. In 1992 it eventually merged with the Banco di Santo Spirito and altered its name to Banca di Roma.

Overview

Along with Credito Italiano and Banca Commerciale Italiana, the Banco di Roma was considered as bank of national interest.[citation needed] By 1926, it had 2,756 employees in Italy and 316 overseas, including 145 in Turkey, 77 in Syria and Lebanon, 40 in Palestine, 20 in Malta, 20 in Switzerland, 10 in London, and 2 in New York.[1]: 81 

In 1991, the bank was merged with Banco di Santo Spirito and Cassa di Risparmio di Roma to form Banca di Roma,[2] a predecessor of Capitalia (which was acquired by UniCredit in 2007).

Banco di Roma also owned a reported 30% stake in a Belgian bank in 1989.[3] The Belgian subsidiary, Banco di Roma (Belgio) S.A., was acquired by Monte dei Paschi di Siena (MPS) in 1992.

Banco di Roma also sold subsidiary Banco di Perugia to Banca Toscana, a subsidiary of MPS in 1990.[4][5][6]

References


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