| Banco del Perú y Londres | |
| Type: | Public |
| Industry: | Financial services |
| Founded: | in Lima, Peru |
| Hq Location City: | Lima |
| Hq Location Country: | Peru |
The Banco del Perú y Londres (English: 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.
The bank was established in 1897 through the merging of the Bank of Callao (Spanish; Castilian: Banco del Callao) and, 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,[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 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]