Indo-China Bank
The Banque de l'Indochine (French: [bɑ̃k də lɛ̃dɔʃin]) was a bank established in Paris on 21 January 1875 to operate in French Indochina, the rest of Asia, and the Pacific. It issued banknotes, not only in French territories, but also in China and elsewhere. Up to World War II, the bank experienced three phases of development. From 1875 to 1888, it functioned as a colonial bank to help the French government manage its colonial properties in South-east Asia. Then from 1889 to 1900, the bank shifted its operations from French Indochina to China. Thereafter, from 1900 to 1941, the bank represented the interests of the French government in handling the and transacted international trade between France and China. It merged with Banque de Suez in 1974 to form Banque Indosuez, which was then purchased by the Crédit Agricole group, which operated it as Crédit Agricole Indosuez (CAI), until a 2004 merger with Crédit Lyonnais, which created Calyon.
2 Merged with Banque de Suez.
In 1908, Banque de l'Indochine established a branch in Djibouti. This was the first bank in Djibouti. It financed a railway and issued the colony's currency. Today, this is Banque Indosuez Mer Rouge, which is the second largest bank in Djibouti and is a wholly owned subsidiary of the French bank Crédit Agricole Indosuez.
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 Tientsin. It also established offices in northern Vietnam (Hanoi and Haiphong), central Vietnam (Vinh, Hué, Tourane and Qui Nhơn), southern 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).
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