Рет қаралды 125
In 1913, the Comptoir National d’Escompte de Mulhouse had created an autonomous subsidiary on French territory, the Banque Nationale de Crédit, in order to cope with the Franco-German tensions and to keep the confidence of French savers. However, the young subsidiary grew rapidly and between mergers and the opening of new regional branches, it became one of the main French banks. This situation led to the absorption of the parent company by its subsidiary in 1930.
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