Credit Foncier Argentin - 1900's dated Argentina Stock Certificate

Stock with elaborate border & magnificent vignette across bottom of bond of the working fields, cattle, with great sunrise in background. Scarce!! Great!!!

In relation to Credit Foncier Argentin, Crédit Foncier de France is a national mortgage bank of France. A subsidiary of the BPCE, its headquarters is located in Charenton, 100 metres outside the Paris city limits. The current CEO is Bruno Deletré.

On 26 June 2018 it was announced that the organisation was to be closed, & its activities integrated into BPCE. The Crédit Foncier initially made loans to communes. The movement was initiated by Louis Wolowski & Count Xavier Branicki, & sanctioned by Emperor Napoléon III in 1852 in an attempt to modernize the medieval French banking system & expand French investment outside Europe. Its name became the “Banque Foncière of Paris.” Similar institutions at Nevers & Marseilles were amalgamated into one under the title of “Crédit Foncier de France.” The amount of the loan could not exceed half of the value of the property pledged or hypothecated, & that the repayment of the loan was by an annuity, which included the interest & part of the principal, terminable at a certain date. The Crédit Foncier had a monopoly on mortgages.

In modern banking terminology a “credit foncier” loan is a loan for a fixed period w/ regular repayments where each repayment includes components of both principal & interest, such that at the end of the period the principal will have been entirely repaid. This is to be contrasted w/ an “interest only” loan where the repayments are of interest only. Read more at https://en.wikipedia.org/wiki/Cr%C3%A9dit_Foncier_de_France