The Banca Nazionale di Credito (BNC, lit. 'National Credit Bank') was a significant Italian bank during the 1920s. It was founded in 1922 to manage the liquidation of the Banca Italiana di Sconto (BIS), the country's third-largest bank that had failed the previous year.[1]
In 1926, the Istituto Liquidazioni was established for the purpose of managing the legacies of failed banks,[2] and took over that activity from the BNC,[3] which nevertheless continued operating as a major bank.
Future Bank of Italy governor Donato Menichella worked at the BNC from 1924 to 1931.[4]
The BNC was still the country's third-largest bank in 1930, when it was purchased by Credito Italiano in what was then the largest-ever bank merger in Italy.[5]
See also
References
- Il progetto ufficiale di concordato della «Sconto» Corriere della Sera, 1922/03/08^
- Costanza A. Russo. Bank Nationalizations of the 1930s in Italy: The IRI Formula Theoretical Inquiries in Law, 2012^
- Mario Sarcinelli. Donato Menichella: dal risanamento di banche e industrie allo sviluppo del Mezzogiorno Moneta e Credito, September 2007^
- Donato Menichella Banca d'Italia^
- La nostra storia - I nostri momenti chiave: 1930 UniCredit^