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The CEC Palace

The CEC Palace in Bucharest, Romania, built in 1900 and situated on Calea Victoriei opposite the National Museum of Romanian History, is the headquarters of the national savings bank C.E.C., nowadays called CEC Bank.

 

The palace was built as a new headquarters for Romania's oldest bank, the public savings institution Casa de Depuneri, Consemnațiuni și Economie, later known as C.E.C. (Romanian: Casa de Economii și Consemnațiuni). The land was bought and the building constructed with the institution's own funds. Work started on June 8, 1897 and was completed in 1900. The project was designed by the architect Paul Guttereau, a graduate of the École nationale supérieure des Beaux-Arts in Paris; construction was supervised by the Romanian architect Ion Socolescu.

 

After 106 years of service, the building was deemed no longer fit for modern banking and was therefore sold for €17.787 million to the municipality of Bucharest to be used as a museum. Although no longer open to CEC clients, the bank continues to rent the building as its headquarters until a suitable replacement is found or built.

 

-wikipedia

 

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Uploaded on September 2, 2014
Taken on August 30, 2014