Poster of the Banque Nationale de Crédit (BNC) Subscribe for the victory was created by the Belgian painter Michel Ricard Putz. It calls on citizens to participate in the 4th National Defence loan, known as the Liberation Loan.
The document’s composition draws on his allegorical engraving “those who remain”, a dramatic scene of people fleeing the country in flames.
When the banks contributed to the war effort
French banks provided decisive support to help fund the 1914-1918 war and the reconstruction efforts.
Faced with the exceptional financial needs related to the length of the conflict, the French government launched 4 major “National Defence loans” (1915, 1916, 1917 and 1918).
Meanwhile the banks mobilised their networks in order to harness the savings of the French people. Issued as perpetual bonds starting in 1915, these four National Defence loans were the most famous, promoted on posters featuring powerful patriotic allegories. These posters covered the facades of bank agencies during the war.
The 4th National Defence loan was highly successful, bringing in twice as much as each of the other loans.