Banca Nazionale di Credito

The Banca Nazionale di Credito (BNC, lit. 'National Credit Bank') was a significant bank in Italy 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]: 414  and took over that activity from the BNC,[3]: 238  which nevertheless continued operating as a major bank.

Not to be confused with Credito Italiano, Banca di Credito Italiano, or Banque Nationale de Crédit.

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

Notes
  1. "Il progetto ufficiale di concordato della «Sconto»", Corriere della Sera, 8 March 1922
  2. Costanza A. Russo (2012), "Bank Nationalizations of the 1930s in Italy: The IRI Formula", Theoretical Inquiries in Law (13.2)
  3. Mario Sarcinelli (September 2007), "Donato Menichella: dal risanamento di banche e industrie allo sviluppo del Mezzogiorno", Moneta e Credito (LX:239): 233–257
  4. "Donato Menichella". Banca d'Italia.
  5. "La nostra storia - I nostri momenti chiave: 1930". UniCredit.


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