Crédit Du Nord
   HOME

TheInfoList



OR:

() was a French retail banking network. It consisted of the following banks: * ,
Toulouse Toulouse (, ; ; ) is a city in southern France, the Prefectures in France, prefecture of the Haute-Garonne department and of the Occitania (administrative region), Occitania region. The city is on the banks of the Garonne, River Garonne, from ...
,
Aquitaine Aquitaine (, ; ; ; ; Poitevin-Saintongeais: ''Aguiéne''), archaic Guyenne or Guienne (), is a historical region of southwestern France and a former Regions of France, administrative region. Since 1 January 2016 it has been part of the administ ...
(oldest existing bank in France, founded in 1760) * ,
Alsace Alsace (, ; ) is a cultural region and a territorial collectivity in the Grand Est administrative region of northeastern France, on the west bank of the upper Rhine, next to Germany and Switzerland. In January 2021, it had a population of 1,9 ...
,
Lorraine Lorraine, also , ; ; Lorrain: ''Louréne''; Lorraine Franconian: ''Lottringe''; ; ; is a cultural and historical region in Eastern France, now located in the administrative region of Grand Est. Its name stems from the medieval kingdom of ...
* ,
Savoy Savoy (; )  is a cultural-historical region in the Western Alps. Situated on the cultural boundary between Occitania and Piedmont, the area extends from Lake Geneva in the north to the Dauphiné in the south and west and to the Aosta Vall ...
* , Massif Central * ,
Lyon Lyon (Franco-Provençal: ''Liyon'') is a city in France. It is located at the confluence of the rivers Rhône and Saône, to the northwest of the French Alps, southeast of Paris, north of Marseille, southwest of Geneva, Switzerland, north ...
* ,
Limoges Limoges ( , , ; , locally ) is a city and Communes of France, commune, and the prefecture of the Haute-Vienne Departments of France, department in west-central France. It was the administrative capital of the former Limousin region. Situated o ...
* ,
Marseille Marseille (; ; see #Name, below) is a city in southern France, the Prefectures in France, prefecture of the Departments of France, department of Bouches-du-Rhône and of the Provence-Alpes-Côte d'Azur Regions of France, region. Situated in the ...
* itself in the rest of
France France, officially the French Republic, is a country located primarily in Western Europe. Overseas France, Its overseas regions and territories include French Guiana in South America, Saint Pierre and Miquelon in the Atlantic Ocean#North Atlan ...
* , a stock brokerage firm is fully owned by
Société Générale Société Générale S.A. (), colloquially known in English-speaking countries as SocGen (), is a French multinational universal bank and financial services company founded in 1864. It is registered in downtown Paris and headquartered nearby i ...
. specialises on professionals and small business. It serves about 1.5 million customers in more than 700 stores (2006).


History

started in
Lille Lille (, ; ; ; ; ) is a city in the northern part of France, within French Flanders. Positioned along the Deûle river, near France's border with Belgium, it is the capital of the Hauts-de-France Regions of France, region, the Prefectures in F ...
in 1848. After buying a number of small banks, it was, in turn, acquired by
Paribas The Banque de Paris et des Pays-Bas (, ), generally referred to from 1982 as Paribas (), was a French investment bank based in Paris. In May 2000, it merged with the Banque Nationale de Paris to form BNP Paribas. History Background In the ...
between 1972 (35% owned) and 1988 (100% owned) but remained run as a separate network. In the following years several regional French banks were brought in the group while retaining their names. In 1984, it was the fifth-ranking French banking group. It rebranded itself, after working with Creative Business (a public relations company), with a new logo, graphics of its name, the architecture of its branches, and public relations. It changed its logo from an orange cube to a blue star. In 1997, the whole network with the associated banks was acquired by from Paribas. Since 2000, is 80% owned by Société Générale and 20% by
Dexia Dexia N.V./S.A., or the Dexia Group, is a Franco-Belgian financial institution formed in 1996. At its peak in 2010, it had about 35,200 members of staff and a core shareholders' equity of €19.2 billion. In 2008, the bank entered severe ...
. A full merger with
Société Générale Société Générale S.A. (), colloquially known in English-speaking countries as SocGen (), is a French multinational universal bank and financial services company founded in 1864. It is registered in downtown Paris and headquartered nearby i ...
was achieved . The customer-facing ''SG Crédit du Nord (SG meaning Société Générale)'' brand is applied to both the former Crédit du Nord, and the Société Générale branches in the North of France. As with ''SG Crédit du Nord'', the remaining Crédit du Nord banks' identities are also applied as regional brand names: * ''SG Tarneaud'' in
Centre-Val de Loire Centre-Val de Loire (; ,In isolation, ''Centre'' is pronounced . ) or Centre Region (, ), as it was known until 2015, is one of the eighteen Regions of France, administrative regions of France. It straddles the middle Loire Valley in the interior ...
and in parts of
Nouvelle-Aquitaine Nouvelle-Aquitaine () is the largest Regions of France, administrative region in France by area, spanning the west and southwest of Metropolitan France. The region was created in 2014 by the merging of Aquitaine, Limousin, and Poitou-Charentes ...
(the remaining of the branches in ''Nouvelle-Aquitaine'' are named ''SG Sud-Ouest'') * ''SG Courtois'' in Occitanie * ''SG SMC (for )'' in
Provence-Alpes-Côte d'Azur Provence-Alpes-Côte d'Azur (commonly shortened to PACA), also known as Région Sud, is one of the eighteen Regions of France, administrative regions of France, located at the far southeastern point of the Metropolitan France, mainland. The main P ...
* ''SG Laydernier'' in parts of
Auvergne-Rhône-Alpes Auvergne-Rhône-Alpes (; AURA) or ; or ; . is a Regions of France, region in southeast-central France created by the 2014 territorial reform of French regions; it resulted from the merger of Auvergne and Rhône-Alpes. The new region came into e ...
(the remaining of the branches in ''Auvergne-Rhône-Alpes'' are named ''SG Auvergne-Rhône-Alpes'')


Controversy

In 2010, the French government's (the department in charge of regulating competition) fined eleven banks, including , the sum of €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.Collusion in the banking sector
Press Release of Autorité de la concurrence, République Française, 20 September 2010, retrv 2010 9 20

Elena Bertson, Dow Jones News Wires / Wall Street Journal online, retr 2010 9 20


References


External links


Credit du Nord bank profile
Société Générale French companies established in 1848 {{France-bank-stub