Bank of Naples

Bank of Naples

 

(Banco di Napoli), a large Italian commercial bank. One of the world’s oldest banks, it was founded in 1539. It is one of a group of national banks that are permitted to carry out currency transactions and short-term crediting of foreign trade, along with credit to industry, agriculture, and internal trade. Until 1926 it was one of the banks issuing bank notes. In 1936 it absorbed the Agricultural Commercial Bank of Southern Italy.

The Bank of Naples is one of the so-called public legal banks, the capital of which belongs almost wholly to the government and which are charged with stimulating the economic growth of the country. The charters of these banks are confirmed by the government; their presidents and general directors and also several other responsible officials are named by the Ministry of Finance. These banks have special departments for medium- and long-term crediting of various branches of the economy. The Bank of Naples has four such branches: agrarian credit, land credit, mortgage credit, and industrial credit. By 1968 the Bank of Naples had 480 branches in Italy; affiliates in the USA, Argentina, Somalia, Ethiopia, and Libya; and representatives in England, the USA, Switzerland, France, Belgium, the German Federal Republic, and Argentina. The bank’s joint-stock and reserve capital at the end of 1968 was 90 billion lira; deposits, about 2,152 billion lira.

M. G. POLIAKOV

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References in periodicals archive ?
Prior to joining the bank, he served as the president & CEO of the Big Lake Region for Seacoast National Bank located in Stuart, Florida and as the chief lending officer for Community Bank of Naples located in Naples, Florida.
Prior to joining the Bank he served as the President & CEO of the Big Lake Region for Seacoast National Bank located in Stuart, Florida and as the Chief Lending Officer for Community Bank of Naples located in Naples, Florida.
1 billion in assets and 24 branches when the FDIC closed Orion Bank of Naples and Century Bank of Sarasota.
The reward for all Ashley Shea's hard work: a scholarship courtesy of the First National Bank of Naples.
NEW YORK -- The editors of American Banker will honor president and CEO Jerry Williams of Orion Bank of Naples, Fla.
Murphy spent nearly 10 years with the Community Bank of Naples following a banking career with AmSouth Bank and Banc Florida.
in Escambia County, Florida and Baldwin County, Alabama; - Florida Choice Bank in Central Florida including metro Orlando; - Community Bank of Naples, N.
headquartered in Pensacola; Community Bank of Naples, N.
in Escambia County, Florida and Baldwin County, Alabama; Florida Choice Bank in Central Florida including metro Orlando; Community Bank of Naples, N.
in Escambia County, FL and Baldwin County, AL; Community Bank of Naples, N.
in Escambia County, Florida and Baldwin County, AL; Florida Choice Bank in Central Florida; Community Bank of Naples, N.