Saturday 9 March at 10:30 in Fondazione Banco Napoli the meeting on the disappearance of the oldest bank in the world
“The Banco di Napoli was not just a bank, indeed the oldest bank in the world, but an integral part of the culture and identity of Naples, witness to centuries of history and social transformations, as its Historical Archives prove”.
On Saturday 9 March at 10:30, at Palazzo Ricca, the presentation of the book by Andrea Rey, Researcher in Business Economics at the University of Naples “Federico II”, «The Disappearance of the Bank of Naples», Editoriale Scientifica, is scheduled.
The author will be joined by Adriano Giannola, Full Professor of Banking Economics at the University of Naples “Ferderico II”, former President of the Banco di Napoli Foundation, Marilena Rispoli Farina, Full Professor of Commercial and Banking Law at the University of Naples “Federico II”, Roberto Maglio, Full Professor of Business Economics at the University of Naples “Federico II”, and Orazio Abbamonte, President of the Banco di Napoli Foundation.
Moderated by journalist Nando Santoanastaso.
“The story that led to the disappearance of the Banco di Napoli just under thirty years ago – explains Abbamonte – theThe main resource for supporting entrepreneurship and not only in the South, although it is now dated, it remains highly relevant for understanding our recent past, an indispensable condition for acting in the present. Through that serious operation, the South was deprived of its main credit institution, with incalculable consequences in terms of lost development opportunities. A question, as can be seen, of extraordinary relevance, today when we discuss differentiated Regionalism and the more 'lucky' territorial areas are induced to reduce the spaces of National solidarity".
In this perspective, the Foundation promoted the presentation of Rey's volume, which contributes, with timely contributions, to clarify the conditions that favored the end of the Bando di Napoli.
“Through meticulous research – comments Rey – we have tried to paint a complete picture of the story, exploring the intricate circumstances that led to the disappearance of the largest financial lung of Southern Italy. In the book, we have gone beyond the simple chronicle of events, trying to give space to the complex legislative-regulatory system as well as to the articulated and innovative financial operations on which the rescue of the Neapolitan Institute was based. Objective data and not personal opinions characterize the entire volume: the reader will develop his own reflection on the operation that, in fact, erased over five centuries of history".
The aim of the research is to understand whether the intervention defined as a "rescue" of the Banco di Napoli was carried out in such a way as to effectively protect the Neapolitan Institute, its shareholders and its creditors or other actors who participated in the operation.
"All this would not have been possible without the timely contribution of Professor Emeritus Adriano Giannola – says Paolo Pantani Vice President of the Study Centre for the Southern Region EU-MED – witness firsthand of the genesis of the sensational disappearance of a Bank, the oldest in the world. The motivation is to do justice to the unmotivated disappearance from our economic fabric of the Banco di Napoli, and to make possible a redemption and a refoundation of this fundamental economic instrument”.
Article published on March 5, 2024 - 17pm
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