Formerly | Bank of the Papal States |
---|---|
Company type | Bank |
Industry | Financial services |
Founded | 1834 |
Founders | French and Belgian investors, with the privilege of issuing money in the Papal States |
Defunct | 1893 |
Fate | Liquidated |
Successor | Bank of Italy |
Headquarters | , |
Area served | Papal States |
The Banca Romana (lit. 'Roman Bank') was an Italian bank of issue founded in Rome in 1834. In 1850 it was reorganized as the Bank of the Papal States (Italian: Banca dello Stato Pontificio), which in 1870 itself changed its name to Banca Romana. In the late 1880s, its difficulties developed into the major Banca Romana scandal which shook Italy's political life and triggered the creation in 1893 of the Bank of Italy. The Bank of Italy managed the Banca Romana's subsequent liquidation.[1]