Reconstruction and prosperity: "Les Trente Glorieuses"

1945 - 1966 Comptoir National d'Escompte de Paris

CNEP travelers' checks.

Ongoing expertise

After the war CNEP played an important role in the reconstruction of France by devising an innovative method for financing imports of essential raw materials.

In 1950 it was the first bank to offer medium-term export credits, an innovation that enjoyed tremendous success.

The bank's international expansion remained limited, however, as CNEP opted to consolidate the branches it had established in Australia, and in the United States, England, Belgium between the two World Wars. As the French withdrew from their colonies the bank also lost its branches in Egypt and had to scale back operations in Tunisia.

Expansion continued throughout France, where in 1965 CNEP had 850 branches and offices.

In the 1950s CNEP was an innovator in the introduction of products for a growing segment of individuals, the retail customers. As of 1950 it was able to offer traveler's checks to these new clients. It encouraged consumer credit and the use of checks by enabling people to withdraw up to 50,000 francs in cash. The bank also proposed special accounts with attractive yields.

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