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Crédit Agricole became fully independent of the government, putting an end to the latter's practice of skimming off surplus funds. In 1990, Crédit Agricole lost the monopoly on granting low-interest loans to farmers and one year later, in 1991, the "normalisation" process was completed as it was allowed to begin financing large corporations. [19]
The Confédération nationale de la mutualité, de la coopération et du crédit agricole (CNMCCA) (English: The National Confederation of Reciprocity, Co-operation and Agricultural Credit) gathers the various components of the French agricultural mutualist and co-operative movement:
The CAM traces its origins to the dahir or Royal Decree of 1961 that established a National Agricultural Credit Bank (French: Caisse Nationale du Crédit Agricole, CNCA) inspired by the namesake French institution (est. 1920 and under that name since 1926), the national entity of the decentralized Crédit Agricole group.
Crédit Mutuel (French pronunciation: [kʁedi mytɥɛl]) is a French cooperative banking group, one of the country's top five banks with over 30 million customers. It traces its origins back to the German cooperative movement inspired by Friedrich Wilhelm Raiffeisen in Alsace–Lorraine under German rule, in the 1880s.
The company was founded as a housewares manufacturer in 1932 by Theodore Baumritter and his brother-in-law Nathan S. Ancell. They bought a bankrupt furniture factory in Beecher Falls, Vermont in 1936 and adopted the name "Ethan Allen" for its early-American furniture introduced in 1939, after the Vermont Revolutionary War leader Ethan Allen.
The first results of the collaboration were three chrome-plated tubular steel chairs designed for two of his projects, The Maison la Roche in Paris and a pavilion for Barbara and Henry Church. The line of furniture was expanded for Le Corbusier's 1929 Salon d'Automne installation, 'Equipment for the Home'.
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