Promotion of Savings
World Savings Day is the culmination of the annual activity of savings banks. No other day is better suited to trying to familiarize all categories of the population with the idea of savings, to point out to them the economic importance and the ethical value of the spirit of thrift and to convince them of its absolute necessity.
Our existence is conditioned by savings, which constitutes one of the ways by which we are guaranteed to prosper. This is the great merit that goes to the men gathered in Milan in 1924 on the occasion of the 1st International Congress of Savings Banks at the end of which it was decided to introduce the custom of celebrating October 31 of each year a date dedicated to the promotion of savings in the world.
Their resolution was formulated as follows: “The 1st International Savings Congress expresses the wish that as a synthetic affirmation of this ideal and its common words, as an opportunity for propaganda and in commemoration of the first world meeting of savings institutions, the closing day of this congress be, wherever possible, declared World Savings Day. This day will not be a day of idleness. It will be a day of work where the actions of all will be inspired by the ideal of savings. A day dedicated to the dissemination of this ideal through example, words and images.”
It is both an outcome and a new starting point to constantly relaunch the promotion of savings with the National Savings and Provident Fund (CNEP), created on August 1, 1964, in order to capitalize the savings of Algerians with its dual network (postal network and network of agencies).
Our existence is conditioned by savings, which constitutes one of the ways by which we are guaranteed to prosper. This is the great merit that goes to the men gathered in Milan in 1924 on the occasion of the 1st International Congress of Savings Banks at the end of which it was decided to introduce the custom of celebrating October 31 of each year a date dedicated to the promotion of savings in the world.
Their resolution was formulated as follows: “The 1st International Savings Congress expresses the wish that as a synthetic affirmation of this ideal and its common words, as an opportunity for propaganda and in commemoration of the first world meeting of savings institutions, the closing day of this congress be, wherever possible, declared World Savings Day. This day will not be a day of idleness. It will be a day of work where the actions of all will be inspired by the ideal of savings. A day dedicated to the dissemination of this ideal through example, words and images.”
It is both an outcome and a new starting point to constantly relaunch the promotion of savings with the National Savings and Provident Fund (CNEP), created on August 1, 1964, in order to capitalize the savings of Algerians with its dual network (postal network and network of agencies).