500 franc share issued in Paris in 1929, bearing the stamp of change of company name for: Compagnie de l'Océan Indien, dated 1932.

The company was originally founded by the Compagnie Havraise Péninsulaire and Messageries Françaises de Madagascar. The company, then named Indian Ocean Company, aims to help the economic development, particularly of French colonies and protectorate countries. The board of directors was composed of Messrs. André Grosos, shipowner, Léon Gueugnier, industrialist and Henri Portier, merchant. In 1922, Mr. Étienne Peyroutou was the director of the bank.

The company changed its name in 1928 to become the Bank of the Indian Ocean. But the bank ceased its banking operations in 1931, activities taken over by Crédit Foncier de Madagascar. In 1932, the company returned to its initial name of Indian Ocean Company.

Bank head office: 10, rue de Chateaudun, Paris.

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