Banca Italiana di Sconto

The Banca Italiana di Sconto (BIS, lit.

'Italian Discount Bank') was the third-largest Italian bank in its time, headquartered in Rome and formed in 1915 by merger of Società Bancaria Italiana with Società Italiana di Credito Provinciale [it].

[1] In early 1922, a new bank, the Banca Nazionale di Credito, was formed to manage the BIS liquidation process.

[2] The BIS had financed the giant film production conglomerate Unione Cinematografica Italiana (UCI).

[3] In 1917, it sponsored the Banca per l'Africa Orientale (BAO), based in Rome and intended to support Italy's colonial ambitions.