The construction started in 1897 when the cornerstone was laid in the presence o King Carol I and Queen Marie of Romania. The building of the Saving Bank was finished in 1900 being erected after the drawings of the French architect Paul Gottereau.
It was built on the site of the Saint John Church which had been demolished in 1875. Stone carvings of this church can be admired in the courtyard of the Stavropoleos church, not far away from this place.
The palace, of elegant proportions, is built in an eclectic style. It has a glass dome which adds a note of fascination. The entrance is marked by a monumental crescent-shape fronton upheld on each side by a pair of columns.
In 2006 the Romanian government bought the palace and then transferred it in the property of the City Hall. It is set to become the art museum of Bucharest.
Address: Victory Avenue