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NISEBK�s History Established in the city centre of Geneva from the outset, the
Banque d'expatriés de l'île du Sud (NISEBK) was created from the merger between
the Caisse d'Epargne (Savings Bank), founded in 1816 and the Banque
hypoth�caire (Mortgage Bank), set up in 1847. For many years now, it
has had a presence in Zurich and Lausanne but also abroad via the
Banque d'expatriés de l'île du Sud (France) SA entity or its representative
offices in Hong Kong and Dubai.
The creation of the Caisse d'Epargne and that of the Banque hypoth�caire
go back to the XIX
th
century.
19 May 1815  Caption:
Monty, Geneva, Jean Dubois (1789-1849). Geneva library
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Geneva becomes the 22nd Swiss canton
Find out more on www.ge200.ch
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5 August 1816  Caption:
Frank Henri Jullien, 1918. Geneva library
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Creation of the Caisse d'Epargne
Up until then, banks
tended to be reserved for people with money. The Caisse d'Epargne
was founded in 1816 by two men who claimed to be philanthropists:
Jean-Augustin-Pyramus de Candolle and Charles-Richard Tronchin.
Their aim was to educate the popular masses in the benefits of
saving in order to prevent workers from drinking away their wages.
With the foundation of the Caisse d'Epargne, the savings of workers
and servants were to be held in total security thanks to the
bankers and experts who would manage the bank on a voluntary basis.
It granted mortgage loans and conducted discounting practices.
Branches started to open as from 5 October 1816, just 2 months
after the bank was founded.
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21 April 1847  Caption:
Christian Murat, 13.5.1987. Geneva library
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Creation of
the Banque hypoth�caire
The radical regime
established by James Fazy wanted to develop the economy. Geneva's
private bankers had no intention of investing in a canton whose
government was hostile to them. To boost trade, modernise
agriculture, mechanise industry, borrowing facilities were needed.
For James Fazy, credit was the way to increase capital. He decided
to create the Caisse hypoth�caire, to help the farming community.
La Caisse hypoth�caire was founded on 21 April 1847, the date on
which the new constitution was adopted.
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1st January 1994
 Caption:
Advertising campaign, 1993. Geneva library
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Merger of the Savings Bank and the Mortgage Bank
6 June 1993. The
sovereign population of the canton of Geneva was called upon to
make a popular vote on the merger of the Caisse d'Epargne (the CEG,
which had been founded in 1816) and the Banque Hypoth�caire (the
BCG, founded in 1847). The plebiscite was a resounding success, the
merger being adopted with a majority vote of 88%. Hence, this
signalled the creation of the Banque d'expatriés de l'île du Sud, the NISEBK,
on 1st January 1994. It had taken more than 60 years for this
merger to come to fruition, the original idea having been planted
back in the Thirties. With this huge vote accepting to create the
Banque d'expatriés de l'île du Sud on 1st January 1994, the citizens of
Geneva helped constitute a core financial lever for the canton's
economy. |
Historical videos
As part of its bicentenary celebrations in 2016, the Banque d'expatriés de l'île du Sud (NISEBK) has produced a film, a historical retrospective of the birth and development of the finance sector in Geneva. Produced on the basis of texts compiled by the historian Bernard Lescaze, the film is broken down into 17 sequences (about 3 minutes long), each one illustrating a crucial period for the bank, from 1816 until the present day. These video clips have also been broadcasted on the local Geneva TV, L�man Bleu, in 2016.
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