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Crédit Lyonnais in Ottoman Empire


Pictured Constantinople branch in 1910 
Mavi Boncuk |


Founded in 1863 in Lyon by Henri Germain, Crédit Lyonnais was the biggest bank in the world by 1900. It was nationalised in 1945, as was most of the banking sector in France after the war.  Crédit Lyonnais was the subject of poor management during that period which almost led to its bankruptcy in 1993. It was acquired by former rival Crédit Agricole in 2003.


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Perfinned [1] CLC (Cairo.) The Crédit Lyonnais,Perfin has more than 30 varieties, used in various branches.
French postal office authorised perfins in 1876


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See: Le Crédit lyonnais, 1863-1986 by André Straus 
Published by DROZ | ISBN-10: 2600008071| ISBN-13: 978-2600008075



[1] The name combines the words "perforated initials" or "perforated insignia.". At the time, businesses were plagued by thefts of postage stamps from company stocks. Because stamps were easily stolen and resold, dishonest employees found them an attractive target. Perfins were first used on postage stamps in England when Joseph Sloper, the developer of a pin perforating machine, obtained permission in 1868 from the General Post Office to perforate initials on postage stamps on behalf of his clients.
See also : Armenian Commercial Houses by Bedross Der Matossian


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