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Company type | Limited liability |
---|---|
Industry | Banking |
Founded | 7 March 1848 |
Defunct | 1966 |
Fate | Merged |
Successor | Banque Nationale de Paris (BNP) |
Headquarters | Paris , France |
The Comptoir national d'escompte de Paris (CNEP), from 1854 to 1889 Comptoir d'escompte de Paris (CEP), was a major French bank active from 1848 to 1966.
The CEP was created by decree on 10 March 1848 by the French Provisional Government,[1] in response to the disruption caused to the prior French credit system by the February revolution.[2] It grew in France and overseas, collapsed in 1889, and was soon reformed as CNEP. It was nationalized in 1945 together with other major French depository banks. In 1966 it merged with Banque nationale pour le commerce et l'industrie to form Banque Nationale de Paris.