Concept

Banque nationale pour le commerce et l'industrie

Summary
The Banque nationale pour le commerce et l'industrie (BNCI, "National Bank for Trade and Industry") was a major French bank, active from 1932 to 1966 when it merged with Comptoir national d'escompte de Paris to form Banque Nationale de Paris (BNP). It was itself the successor of the Comptoir d'Escompte de Mulhouse, a bank founded in 1848 under the Second French Republic that had become German following the Franco-Prussian War, and its French subsidiary formed in 1913, the Banque Nationale de Crédit. The Comptoir national d'escompte de Mulhouse was created on as one of 65 comptoirs d'escompte or local discount banks under the initiative of the new Republican government, following the financial crisis associated with the February Revolution of that year. Its first director was local industrialist Nicolas Koechlin, appointed by government decree on . In May 1852, the government withdrew its financial support, and the Comptoir national d'escompte de Mulhouse was one of less than a dozen comptoirs d'escompte that survived, together with those in Alès, Angoulême, Caen, Colmar, Dôle, Lille, Rouen, Sainte-Marie-aux-Mines, Sablé, and the Comptoir National d'Escompte de Paris. Following legal reform in 1854 that relaxed state oversight, it changed its name to Comptoir d'escompte de Mulhouse (CEM). Following the French defeat in the Franco-Prussian War in 1870, the CEM's head office in Mulhouse found itself in the German Empire, even though many of the bank's operations and shareholders were across the new border in France. From the late 1880s under general manager Eugène Raval, it engaged in ambitious further expansion in France by buying local banks and opening new branches. By the beginning of 1913, the CEM had 16 branches, 44 agencies and 34 part-time offices, the vast majority of which were in France, versus only three in Alsace-Lorraine and one in Zurich.
About this result
This page is automatically generated and may contain information that is not correct, complete, up-to-date, or relevant to your search query. The same applies to every other page on this website. Please make sure to verify the information with EPFL's official sources.