Banque Française Commerciale Océan Indien

Banque Française Commerciale Océan Indien (BFCOI) is a French bank that since 2003 has been jointly owned by Mauritius Commercial Bank and Société Générale. It has its headquarters in Saint Denis, Réunion. It has more than 360 employees and more than 80 000 clients in its operations in Réunion (13 branches), Mayotte (three branches), and Paris (one branch), which primarily engages in private banking.

In 1925, Banque de Paris et des Pays-Bas, Banque de l'Indochine, Banque Lazard and the Chinese government established the Banque Franco-Chinoise pour le Commerce et l’Industrie (BFCCI) to take over the assets of the Banque Industrielle de Chine (est. 1913). The Bank established offices in Peking, Shanghai and Teinstsin. It also established offices in North Vietnam (Hanoi and Haiphong), in Central Vietnam (Vinh, Huë, Tourane (Da Nang) and Qui Nhơn), South Vietnam (Saigon), and Cambodia (Phnom Penh). By 1939, only the Hanoi, Saigon and Phnom Penh branches remained in French Indochina. At the same time, the bank had three offices in France (Paris, Lyon and Marseille).

In 1951, concerned about its geographical concentration in the high-risk region of Indochina, BFCCI sought to diversify by establishing branches in Madagascar. After the French defeat in 1954 at Diên Biên Phu, BFCCI closed its offices in North Vietnam. However, the bank started to expand in South Vietnam and Cambodia. The next year, BFCCI finally left China, its branches having been inoperative for some time.

...
Wikipedia