About Crédit Municipal

Modern since 1637

Crédit Municipal, the City of Paris' credit and social aid institution, is a hybrid, at the crossroads of banking, social action and culture.

Founded in 1637 by philanthropist Théophraste Renaudot, Crédit Municipal de Paris is the oldest financial institution in Paris. Its original vocation was to combat usury through a social pawnbroking service. Over the centuries, the institution has adapted to the complexities of the economic world to become a multi-faceted place, faithful to a fundamental ethic: to offer a place of welcome, listening and mutual aid for all Parisians and Ile-de-France residents, without distinction.

While pawnbroking - a much simpler and more advantageous ethical cash-flow solution than traditional bank loans - remains the bank's core business, Crédit Municipal de Paris has diversified its activities to meet the needs and expectations of local residents in an ever-changing world. In addition to auction sales, the bank offers appraisal and conservation services for works of art and precious objects at its Centre de Conservation d'ART(CC ART). Parcours Budget also offers free personalized assistance to anyone in financial difficulty or wondering about their personal finances. Last but not least, theEpargne Solidaire service helps people to give meaning to their money.