Banco di Roma

Banco di Roma was an Italian bank based in Rome, established on 9 March 1880. In the early 20th century, it was one of Italy's four dominant universal banks, together with Banca Commerciale Italiana, Credito Italiano, and Società Bancaria Italiana.[1] 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, later part of UniCredit.

Overview

Banco di Roma opened branches in Alexandria in 1905, Cairo and Malta in 1906, Tripoli and Benghazi in 1907, and Constantinople in 1911.[2] It expanded further in the Middle East, in Jerusalem before the end of World War I then in 1919 in Istanbul, Smyrna, Beirut, Aleppo, Tripoli, İskenderun, Mersin, Adana, Jaffa, and Haifa. In 1920, it formed a new affiliate, Banco di Roma per l'Egitto ed il Levante, which took over the operations in Egypt, Palestine, Lebanon and Syria. In 1924, the Egyptian business was spun off as Banco Italo-Egiziano, in which the Banca Nazionale di Credito and Credito Italiano took equity stakes.

By 1926, Banco di Roma 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.<r

Gallery

See also

• List of banks in Italy