Banco di Napoli
Subsidiary (Società per azioni) | |
Industry | Financial services |
Headquarters | Naples, Italy |
Products | Retail banking |
Parent | Intesa Sanpaolo |
Banco di Napoli S.p.A., sometimes called in English Bank of Naples, is a subsidiary of the Italian banking group Intesa Sanpaolo. It was established in 1861 and operated as an independent bank under name Banco di Napoli until 2003.
Following the acquisition of the bank at the end of 2002 by the Sanpaolo IMI group, in 2003 the bank changed its name to "Sanpaolo Banco di Napoli". The operation was carried out in two distinct phases:
- At the end of 2002 there was the merger by incorporation of Banco di Napoli SpA, Sanpaolo IMI SpA ', resulting in the termination of the first.
- It was later incorporated as "Sanpaolo Banco di Napoli SpA", which with effect from 1 July 2003 took over the whole business of the old Banco di Napoli.
With the merger in December 2006 of Banca Intesa and Sanpaolo IMI, the bank has now become part of the group Intesa Sanpaolo and has resumed its former name of Banco di Napoli SpA
History
The Banco of Naples is one of the most important and oldest historic Italian banks, as its origins date back to the so-called public benches of charitable institutions, which arose in Naples between the sixteenth and seventeenth centuries, especially at a pawnshop "Tour of Mercy "founded in 1539 on a pledge to lend without interest, which in 1584 opened a case of deposits, recognized by a proclamation of the viceroy of Naples in the same year.
Seven other similar institutions were later founded in Naples between 1587 and 1640:
- "Banco dei Poveri" (1563)
- "Banco della Santissima Annunziata" (1587)
- "Banco del Popolo" (1589)
- "Banco dello Spirito Santo" (1590)
- "Banco di Sant'Eligio" (1592)
- "Banco di San Giacomo e Vittoria" (1597)
- "Banco del Salvatore" (1640).
After nearly two centuries of activities independently of each other, a decree of Ferdinand IV of Bourbon, in 1794, leading to the unification of the eight existing institutes into a single structure that is called Banco Nazionale di Napoli.
Following the political changes that took place in the nineteenth century in Naples and Southern Italy, also the Bank of Naples changes name and structure. Passing from the realm of the Bourbons to the matrix Napoleon, the king of Naples, Joachim Murat attempts to transform the Bank into a limited company similar to the Bank of France and create the Bank of the Two Sicilies (Italian: Banco delle Due Sicilie), bound to have the same functions through the Cassa di Corte and Cassa dei Privati. With the revolutionary upheavals of 1849 loses agencies Sicilian who founded the Banco di Sicilia. New changes take place in 1861 with the unification of Italy, the changes that mark the birth of the name Banco di Napoli, the bank will be responsible for the issuance of the currency of the Kingdom of Italy for 65 years.
In 1996 the bank was re-privatized, with the formation of a bad bank Società per la Gestione di Attività, as well as wind-down subsidiary ISVEIMER.
The present structure
The integration of Banco di Napoli into the group Sanpaolo IMI in 2000 led to its geographical operating area being reduced: all branches in northern and central Europe, which would have overlapped with the existing structure of the parent company, were closed or moved. However, at the same time the southern branches of Sanpaolo IMI were transferred into the newly-renamed Sanpaolo Banco di Napoli.
In the Italian regions of Abruzzo, Molise, and Lazio, which were areas where the Banco di Napoli was historically less strong because before the Italian unification they had not been part of the Kingdom of the Two Sicilies, here at first after the take-over the branches of the bank were incorporated into the Sanpaolo; but later in Abruzzo and Molise it was decided to incorporate them into the Banca dell'Adriatico.
At present, therefore, the Banco di Napoli operates only in Campania, Apulia, Basilicata, and Calabria, with the exception of one branch at the Palazzo Montecitorio in Rome. The bank's network still includes some 687 branches, and it has approximately 5,750 employees.
Presidents of the bank
- Luigi Coccioli (1983-1993)
- Ferdinando Ventriglia (1993-1994)
- Carlo Pace (1995-1996)
- Giuseppe Falcone (1996-2000)
- Federico Pepe (2000-2002)
- Alfonso Iozzo (2003-2006)
- Vincenzo Pontolillo (2006-2008)
- Enzo Giustino (2009-2012)
- Maurizio Barracco (2012-)
See also
Notes
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