Formed in 1970 in their native Ulm, Kraan quickly migrated to Berlin before eventually settling at an artists' commune in Wintrup. They recorded two albums for the German Spiegelei label prior to this; their self-titled debut, released in 1972, was a little more musical than most krautrock of the time, while their second, 1973's Wintrup, was their most discrete offering of heavy rock songs.
Banco is short for Banco Del Mutuo Soccorso, or "Bank of the Mutual Trust". (The Italian progressives were certainly infamous for their band names!) The group hailed from Rome, and centered on the dual keyboards of the brothers Noncenzi and the classic Italian tenor of Francesco Di Giancomo. His "big" frame would grace the cover of this, their fourth album. The record is actually a re-recording of tracks from their previous albums, and like fellow countrymen PFM, saw release courtesy of ELP's Manticore label.