The quarter where nowadays Paparouna bar lies, was property of Eduardo Allatini, member of the wealthy jewish family of merchant-managers. Allatini bought the quarter between the years 1904-1906. At the north of the quarter, in 1904,
Architect of Banque de Salonique was Vitaliano Poselli, to whom Thessaloniki owes most of the gorgeous buildings of this era, the late Ottoman period, such as the Imperial Lycee building (today the Faculty of Philosophy), the konak - the administration building of the city (today accomodates the ministry of Macedonia and Thrace) - the Allatini mansion (today the prefecture of Thessaloniki), and Yeni Cami mosque.
The forefront of the building as designed by Vitaliano Poselli in April 1906.
Banque de Salonique survived from the mass destruction which was caused by the great city fire in 1917. Approximately the whole center of Thessaloniki was burnt down in a three days longing fire. The Frankish neighbourhood was almost vanished by fire but Vitaliano Poselli's edifice had a narrow escape.
Banque de Salonique, though, could not escape closing down in 1940 when the building, where today Paparouna bar stands, was comandeered by the Nazis. The clock at the center of the front pediment stopped functioning at the great Thessaloniki earthquake of 1978, time 11:05, indicating the definite end of an era.Today people who enter Stoa (arcade) Malakopi could not hear the variety of languages and idioms spoken in old multicultural Thessaloniki. However, sounds and tastes from all over the world travel them from Latin America to Middle East, confirming that beauty and quality has no borders.

In black & white photos: Frankish neighbourhood (Frangon street) in ruins after the fire of 1917.
