The BNP Paribas Group was created in 2000 from the merger of BNP and Paribas. The new group thus inherited two major banking traditions: that of BNP, the first French bank, whose origins date back to 1848, and that of Paribas, an investment bank founded in 1872.
Some of our predeccessors including Comptoir national d’escompte de Paris (CNEP, 1848), Banque de Paris et des Pays-Bas (Paribas, 1872) two of four banks that combined to form BNP Paribas, we actively working in the Imperial Russia in the late XIX early XX centuries. Banks were mainly engaged in funding large infrastructure projects (notably railways).
Below you can find some examples of Russian deals with description. All images are clickable.
Russian Railways 4 ½% 1914
Contract signed on January 17th and 30th 1914 in Saint-Petersbourg, between d’Atchinsk-Minoussinsk Railways Company and a syndicate of banks (o/w Banque de Paris et des Pays-Bas and Comptoir national d’escompte de Paris).
Issuance of bonds for 22.7 million rubles (60 million Francs)
Russian banks are committed for 50%, French banks for 50%.
Out of the French portion, Banque de Paris et des Pays-Bas is committed for 26.675% and Comptoir national d’escompte de Paris for 18.43%.
Last page of the contract with the Russian Railroads 1914
- Russian Loan 5% 1906 (issuance notice)
Issuance notice 5% 1906 (second page)
Russian Railways 4,5% 1914
- Russian Loan 5% 1906
Contract signed in Paris on April 16th 1906 between the State Secretary W. Kokovtzoff and a syndicate of banks composed of a French group (o/w Banque de Paris et des Pays-Bas and Comptoir national d’escompte de Paris), an English group, an Austrian group, a Dutch group and a Russian group. Contract is about a loan issuance of 843 750 000 rubles (2 250 000 000 francs).
French group portion is 1 200 000 000 francs out of which 300 million for Banque de Paris et des Pays-Bas and 150 millions for the Comptoir national d’escompte de Paris.
Russian Loan 5% 1906 part 2 with a wax seal
Volga Upland Railways Company
Contract signed on June 29th 1899 between Banque de Paris et des Pays-Bas, Société générale de crédit industriel et commercial and the Volga Upland Railways Company.
Contract is about an advance of 2,5 million F
The Société Materiel de Cemin de Fed du Haut Volga is founded by the Société Dyle et Bacalan. Paribas is an important shareholder since 1986 and grants a loan (this picture) in 1899; this loan will be converted in privileged shares in 1902.
- Bogoslovsk Mining Company
First page of a contract between HE Alexandre Alexandrovitch Polovtsoff, State Secretary of Her Majesty the Emperor of Russia (and Ms A A Polovtsoff) and Banque de Paris et des Pays-Bas, contract signed on January 17th 1900.
Per this contract, option is given to Banque de Paris et des Pays-Bas to study the Company, and a purchase option is given to the bank to get between 10 600 and 16 000 shares out of a total of 32 000 shares.