Crédit du Nord
Encyclopedia
Crédit du Nord is a French retail banking network.
It consists of the followings banks:
Crédit du Nord is mainly owned by Société Générale
but run separately from Société Générale's own French retail banking network. Crédit du Nord specialises on professionals and small business. It serves about 1.5 million customers in more than 700 stores (2006).
in 1848. After buying a number of small banks it was acquired itself by Paribas between 1972 (35% owned) and 1988 (100% owned) but remained run as a separate network. In the following years several regional French banks where brought in the group while retaining their names.
In 1997 the whole network Crédit du Nord and the associated banks was acquired by Société Générale from Paribas. Since 2000 Crédit du Nord is 80% owned by Société Générale and 20% by Dexia
.
, especially for extra fees charged during the transition from paper check transfer to "Exchanges Check-Image" electronic transfer.
It consists of the followings banks:
- Banque Courtois, ToulouseToulouseToulouse is a city in the Haute-Garonne department in southwestern FranceIt lies on the banks of the River Garonne, 590 km away from Paris and half-way between the Atlantic Ocean and the Mediterranean Sea...
, AquitaineAquitaineAquitaine , archaic Guyenne/Guienne , is one of the 27 regions of France, in the south-western part of metropolitan France, along the Atlantic Ocean and the Pyrenees mountain range on the border with Spain. It comprises the 5 departments of Dordogne, :Lot et Garonne, :Pyrénées-Atlantiques, Landes...
(oldest existing bank in France, founded in 1760) - Banque Kolb, AlsaceAlsaceAlsace is the fifth-smallest of the 27 regions of France in land area , and the smallest in metropolitan France. It is also the seventh-most densely populated region in France and third most densely populated region in metropolitan France, with ca. 220 inhabitants per km²...
, LorraineLorraine (région)Lorraine is one of the 27 régions of France. The administrative region has two cities of equal importance, Metz and Nancy. Metz is considered to be the official capital since that is where the regional parliament is situated... - Banque Laydernier, SavoySavoySavoy is a region of France. It comprises roughly the territory of the Western Alps situated between Lake Geneva in the north and Monaco and the Mediterranean coast in the south....
- Banque Nuger, Massif CentralMassif CentralThe Massif Central is an elevated region in south-central France, consisting of mountains and plateaux....
- Banque Rhône-Alpes, LyonLyonLyon , is a city in east-central France in the Rhône-Alpes region, situated between Paris and Marseille. Lyon is located at from Paris, from Marseille, from Geneva, from Turin, and from Barcelona. The residents of the city are called Lyonnais....
- Banque Tarneaud, LimogesLimogesLimoges |Limousin]] dialect of Occitan) is a city and commune, the capital of the Haute-Vienne department and the administrative capital of the Limousin région in west-central France....
- Crédit du Nord itself in the rest of FranceFranceThe French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
- Gilbert Dupont, a stock brokerStock brokerA stock broker or stockbroker is a regulated professional broker who buys and sells shares and other securities through market makers or Agency Only Firms on behalf of investors...
Crédit du Nord is mainly owned by Société Générale
Société Générale
Société Générale S.A. is a large European Bank and a major Financial Services company that has a substantial global presence. Its registered office is on Boulevard Haussmann in the 9th arrondissement of Paris, while its head office is in the Tours Société Générale in the business district of La...
but run separately from Société Générale's own French retail banking network. Crédit du Nord specialises on professionals and small business. It serves about 1.5 million customers in more than 700 stores (2006).
History
Crédit du Nord started in LilleLille
Lille is a city in northern France . It is the principal city of the Lille Métropole, the fourth-largest metropolitan area in the country behind those of Paris, Lyon and Marseille. Lille is situated on the Deûle River, near France's border with Belgium...
in 1848. After buying a number of small banks it was acquired itself by Paribas between 1972 (35% owned) and 1988 (100% owned) but remained run as a separate network. In the following years several regional French banks where brought in the group while retaining their names.
In 1997 the whole network Crédit du Nord and the associated banks was acquired by Société Générale from Paribas. Since 2000 Crédit du Nord is 80% owned by Société Générale and 20% by Dexia
Dexia
Dexia N.V./S.A., also referred to as the Dexia Group, is a Belgian-French financial institution active in public finance, providing retail and commercial banking services to individuals and SMEs, asset management, and insurance...
.
Controversy
In 2010 the French government's Autorité de la concurrence (the department in charge of regulating competition) fined eleven banks, including , the sum of 384,900,000 Euros for colluding to charge unjustified fees on check processingFrench check processing fee controversy of 2010
In 2010 the French government's Autorité de la concurrence fined eleven banks €384,900,000 for colluding to charge unjustified fees on check processing, especially for extra fees charged during the transition from paper check transfer to "Exchanges Check-Image" electronic transfer...
, especially for extra fees charged during the transition from paper check transfer to "Exchanges Check-Image" electronic transfer.