Banque de l'Union Parisienne [SEP] inception
,
and that it would represent the interests of Schneider-Creusot.
The Banque de l'Union Parisienne was founded on 5 January 1904, with initial capital of 40 million francs. 
Société Générale de Belgique held 15%.
The house of Demachy later took a share of the capital, which steadily grew to 200 million francs by 1929.
The institution was mainly owned by French and foreign banks, with few individual shareholders, 
but there were a few institutional investors and high-net-worth individuals.
Banque de l'Union Parisienne
The Banque de l'Union Parisienne (BUP) was a French investment bank.
Origins.
The bank had its origins in the Banque Parisienne, founded in 1874 and mainly engaged in discounting commercial paper.
In the financial and economic crisis of the late 1880s the Banque Parisienne ran into liquidity problems, which were resolved by an injection of cash from the Société Générale de Belgique. With this new partner, the Banque Parisienne moved into the business of launching and trading securities for French companies, mostly