The bank for a chaging world

From The "Restauration" To the Third Republic

1854 Comptoir National d'Escompte de Mulhouse

mulhouse_fevrier_1946.jpg

In 1946 the former
headquarters of CEM
became a branch of BNCI
in Mulhouse, retaining its
original architecture.CEM
director Eugène Raval had
his private residence on
the top floor.


 

CNEM moves from regional role to national force

In 1854 the CNEM, no longer under state control, became the Comptoir d'Escompte de Mulhouse (CEM).

The dynamic establishment took advantage of the flourishing regional economy, and its directors pursued aggressive external growth as they acquired numerous establishments in northeastern France, as well as in Lyon, Marseille, Le Havre and Paris.

This policy of active expansion allowed the CEM to maintain its local clientele base and at the same time take advantage of the experience of the banks it had acquired. CEM's influence thus extended to a wide variety of industries, from hosiery and milling to textile mills and commodities trading.

By late 1912 the Comptoir d'Escompte de Mulhouse, whose share capital had grown to 45 million francs, had 85 outlets (15 subsidiaries, 41 branches and 29 temporary offices).

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