In the heart of the annex of the BNCI head office, rue de Sofia in Paris around 1952: the employees in the “portfolio” service

1952

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  • Banks & Financial Institutions
  • Products & Services
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On this photo from 1952, the employees of the central “portfolio” service are aligned on both sides of a conveyor belt that commercial papers (instruments discounted by the Banque Nationale pour le Commerce et l’Industrie-BNCI that it will process based on maturity dates) travel on. Under the eye of the supervisor, the operators enter the data on the American brand Burroughs typewriters. The central “portfolio” service team is housed in the annex of the BNCI head office, located since 1951 in a huge building on rue Sofia, formerly rue de la Nation.

 

A major innovation in the banking world: administrative operations separated from commercial services

At the instigation of its managing director, Alfred Pose, the BNCI started in 1932 to completely revise its structures. The accounting/management tasks, formerly dispersed in each branch, were grouped into “administrative centres” equipped with highly efficient modern electric calculators. Purely commercial activities were separated from administrative tasks (management of securities, coupons, commercial paper, etc.) so branch personnel could focus on customer service and business development. It was in this context that the BNCI acquired in 1951 the huge building on rue Sofia, recently built by the Dufayel department store chain. It progressively brought together these central services (secretarial staff, receipts, archive warehouse, Paris regional coupon centre and central coupon service) A genuine administration plant, the administrative centre was equipped with Bull calculators. The staff at the annex would reach up to 6000 people.

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Pursuant to the French Data Protection Law No. 78-17 of 6 January 1978, you are entitled to access the data collected by BNP Paribas and to have it amended, updated or deleted, where such information is incorrect, incomplete or outdated. You can exercise this right by contacting: BNP Paribas – APAC TDC Val de Marne, TSA 30233- 94729 FONTENAY SOUS BOIS Cedex.

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Since 1822, history has made us a key player and a witness of transformations taking place in society and economy in Europe and around the world. We invite you to share in our story and explore our archives to learn more about our constantly changing world.
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