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Banco del Perú y Londres

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Banco del Perú y Londres
Company typePublic
IndustryFinancial services
Founded1897 in Lima, Peru
FounderAugusto Wiese Eslava [es]
Defunct1931 (1931)
Headquarters
Lima
,
Peru

The Banco del Perú y Londres (Bank of London and Peru) was a British–Peruvian bank headquartered in Lima during the early 20th century. Its former headquarters, located at the city's historic centre are now a building owned by the Congress of Peru, named after Luis Alberto Sánchez.

History

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The bank was established in 1897 through the merging of the Bank of Callao (Banco del Callao) and The London Bank of Mexico And South America [es], headquartered in Mexico City, to extend the former's operations.[1] The merge with the bank in Callao, created in 1877, was proposed by Cuban economist José Payán [es],[2] whose company had entered into a crisis following the War of the Pacific.[1][3]

The bank's building was designed by architect Julio Ernesto Lattini in 1905,[4] commissioned by Payán.[5] It was later acquired by the Banco Popular del Perú.[6]

It was later operated by Pablo La Rosa and stood out as a South American economic centre with foreign capital.[2][7] This bank had branches in other cities in the country,[1] and at the time it was one of the institutions most closely linked to the country's economy,[8] because it offered loans to the government.[2] By 1921 he obtained S/. 123 million in assets.[2]

However, due to the political crisis during the Military Junta [es] of 1930, it caused its bankruptcy in 1931, which led to a financial crisis.[9][10] It competed with the Banco de Crédito and the Banco Continental, which survived after its liquidation by having foreign participation.[11]

References

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  1. ^ a b c "Banco del Perú y Londres". Variedades. No. 305. 1914-01-03. pp. 13–15.
  2. ^ a b c d Camacho, Fabio (1922). Lima contemporánea, reseña gráfica, literaria e informativa de la capital del Perú: Lima (in Spanish). Imprenta Torres Zumarán.
  3. ^ García Calderón, Francisco (2001). Obras escogidas (in Spanish). Fondo Editorial del Congreso del Perú. p. 224. ISBN 9972-755-71-1. OCLC 48225841.
  4. ^ "El Banco Perú y Londres". ArqAndina: El Portal Peruano de Arquitectura.
  5. ^ "El Edificio del Banco Perú y Londres". Ilustración peruana. Vol. 3, no. 91. 1911-06-28. p. 1142–1143.
  6. ^ Bonilla Di Tolla, Enrique (2009). Lima y el Callao: Guía de Arquitectura y Paisaje (PDF) (in Spanish). Junta de Andalucía. p. 257.
  7. ^ Laos, Cipriano A. (1927). Lima, "la ciudad de los virreyes": (El libro peruano) (in Spanish). Editorial Perú. p. 394.
  8. ^ Contreras, Carlos (2008). Compendio de Historia económica del Perú (in Spanish). Banco Central de Reserva del Perú. p. 34. ISBN 978-9972-51-223-0.
  9. ^ Basadre, Jorge (1968). Historia de la Republica del Peru, 1822-1933 (in Spanish). Vol. 14. Editorial Universitaria. p. 322. OCLC 746280646.
  10. ^ Lipa Sinche, Âlvaro (2018-07-11). "La convulsión financiera del Perú y la liquidación del Banco Perú y Londres de 1925-1931». 2 (3): 65. ISSN . doi:". ISHRA, Revista del Instituto Seminario de Historia Rural Andina. 2 (3): 65. doi:10.15381/ishra.v2i3.14815. ISSN 2616-664X – via UNMSM.
  11. ^ Lluch, Andrea; Monsalve Zanatti, Martín; Bucheli, Marcelo (2021). Historia empresarial en América Latina: temas, debates y problemas (in Spanish). Universidad del Pacífico. p. 161. ISBN 9972-57-461-X. OCLC 1240381124.
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