Crédit Martiniquais
The Crédit Martiniquais was a commercial bank based in Fort-de-France, Martinique, France. It was founded in 1922 and collapsed in the late 1990s.
Overview
[edit]The Crédit Martiniquais was colloquially known as the "bank of the békés" for its links with the local establishment of white merchant families who collectively held three-quarters of its capital.[1] It was the only bank providing financial services in some parts of Martinique.[2] By the time of its collapse in 1996, the Crédit Martiniquais held 14 percent of savings and provided 20 percent of loans on the island.[1]
Its expansion to Guadeloupe, Guyane and Paris was associated with financial overextension and ultimately collapse.[2] The bank was liquidated with financial support from the French Fonds de Garantie des Dépôts (FGD) which was created on that occasion.[3] At the end of 1999, its banking operations were taken over by BRED Banque populaire.[4]
The FGD sued the former management of Crédit Martiniquais for liability in the failure,[5] but eventually lost the case in 2014.[6]
See also
[edit]References
[edit]- ^ a b Renaud Lecadre (23 May 1997). "Crédit martiniquais, l'état banque pour les bekes.Au moins 300 millions de fonds publics pour la banque privée". Libération.
- ^ a b Caroline Popovic (16 April 2024). ""La Banque, Maman et Moi" ou l'histoire du Crédit Martiniquais, surnommé la banque des békés". France Info.
- ^ Valérie de Senneville (10 January 2002). "Crédit Martiniquais : la justice déboute le Fonds de garantie des dépôts". Les Échos.
- ^ "« La banque, maman et moi » : Braquage à l'antillaise". France TV. 2024.
- ^ Anne Michel (9 December 2005). "Les anciens dirigeants du Crédit martiniquais pourront être poursuivis devant la justice". Le Monde.
- ^ "Affaire du Crédit Martiniquais : un dossier définitivement clos". France Antilles. 6 August 2014.
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