VIDEO – Discounting: the short-term credit formula that financed the French economy for a long time

1776-1970

A bank messenger of the Banque Nationale pour le Commerce et l'Industrie, circa 1950 - BNP Paribas Historical Archives


BNP Paribas is the heir of the Comptoir National d’Escompte de Paris (CNEP). The CNEP’s name came from an activity that for many years was essential to financing the economy. The historian Patrice Baubeau explains what discounting is and how it was developed in France in the 19th century through to the 1960s.

 

 

 

 

 

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Well of History

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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