The Nederlandsch-Indische Escompto Maatschappij (NIEM, lit. 'Dutch [East] Indies discount company') was a significant Dutch bank, founded in 1857 in Batavia, Dutch East Indies. In the first half of the 20th century, it was the smallest of the “big three” commercial banks, behind the Netherlands Trading Society and the Nederlandsch-Indische Handelsbank, that dominated the Dutch East Indies’ financial system alongside the note-issuing Bank of Java.[1]: 703
In 1949, following Indonesian independence, its name was changed to Escomptobank. Its main operations in Indonesia were nationalized in 1958, and later integrated into Bank Mandiri. Its residual Dutch operations went through multiple restructurings and mergers, and count among the many predecessor entities of ABN AMRO.
- ^ Shibata Yoshimasa (1996), "The monetary policy in the Netherlands East Indies under the Japanese administration", Bijdragen tot de Taal-, Land- en Volkenkunde, 152:4 (4), Brill: 699–724, JSTOR 27864801