View source for Banco del Perú y Londres

{{Short description|Peruvian bank}}
{{Infobox company
| name                = Banco del Perú y Londres
| image               = Local central del Banco Popular del Perú.jpg
| type                = [[Public company|Public]]
| industry            = [[Financial services]]
| founded             = {{dts|1897}} in [[Lima]], Peru
| founder             = {{ill|Augusto Wiese Eslava|es}}
| defunct             = {{End date|1931}}
| fate                =
| successor           = <!-- or:  successors = -->
| hq_location_city    = Lima
| hq_location_country = Peru
}}
The '''Banco del Perú y Londres''' ({{lang|en|Bank of London and Peru}}) was a [[United Kingdom|British]]–[[Peru]]vian bank headquartered in [[Lima]] during the early 20th century. Its former headquarters, located at the city's [[Historic Centre of Lima|historic centre]] are now a building owned by the [[Congress of Peru]], named after [[Luis Alberto Sánchez]].
==History==
The bank was established in 1897 through the merging of the Bank of [[Callao]] ({{lang|es|Banco del Callao}}) and {{ill|lt=The London Bank of Mexico And South America|Banco de Londres y México|es}}, headquartered in [[Mexico City]], to extend the former's operations.<ref name=Variedades>{{Cite magazine |title=Banco del Perú y Londres |date=1914-01-03 |magazine=[[Variedades]] |url=https://books.google.com/books?id=vmXwAAAAMAAJ |issue=305 |pages=13–15}}</ref> The merge with the bank in Callao, created in 1877, was proposed by [[Cuba]]n economist {{ill|José Payán|es}},<ref name=Camacho>{{Cite book |title=Lima contemporánea, reseña gráfica, literaria e informativa de la capital del Perú: Lima |last=Camacho |first=Fabio |publisher=Imprenta Torres Zumarán |year=1922 |language=es |url=https://books.google.com/books?id=DDa_BJw1IoUC}}</ref> whose company had entered into a crisis following the [[War of the Pacific]].<ref name=Variedades/><ref>{{Cite book |title=Obras escogidas |last=García Calderón |first=Francisco |publisher=[[Fondo Editorial del Congreso del Perú]] |year=2001 |isbn=9972-755-71-1 |pages=224 |language=es |oclc=48225841}}</ref>
The bank's building was designed by architect Julio Ernesto Lattini in 1905,<ref>{{Cite web |url=https://www.arqandina.com/pages/p2/f202.htm |title=El Banco Perú y Londres |website=ArqAndina: El Portal Peruano de Arquitectura}}</ref> commissioned by Payán.<ref>{{Cite magazine |title=El Edificio del Banco Perú y Londres |date=1911-06-28 |magazine=Ilustración peruana |url=https://books.google.com/books?id=A9kxAQAAMAAJ |issue=91 |volume=3 |page=1142–1143}}</ref> It was later acquired by the ''Banco Popular del Perú''.<ref>{{Cite book |ref=Bonilla |title=Lima y el Callao: Guía de Arquitectura y Paisaje |last=Bonilla Di Tolla |first=Enrique |publisher=[[Junta de Andalucía]] |year=2009 |language=es |url=https://www.juntadeandalucia.es/export/drupaljda/publicacion/21/05/60acb153b9883-guia_lima_y_callao.pdf |page=257}}</ref>
It was later operated by Pablo La Rosa and stood out as a [[South America]]n economic centre with foreign capital.<ref name=Camacho/><ref>{{Cite book |title=Lima, "la ciudad de los virreyes": (El libro peruano) |last=Laos |first=Cipriano A. |publisher=Editorial Perú |year=1927 |pages=394 |language=es |url=https://books.google.com/books?id=uwBbAAAAMAAJ}}</ref> This bank had branches in other cities in the country,<ref name=Variedades/> and at the time it was one of the institutions most closely linked to the [[Economy of Peru|country's economy]],<ref>{{Cite book |title=Compendio de Historia económica del Perú |last=Contreras |first=Carlos |publisher=[[Banco Central de Reserva del Perú]] |year=2008 |isbn=978-9972-51-223-0 |pages=34 |language=es |url=https://books.google.com/books?id=BTWfHKVgbVcC}}</ref> because it offered loans to the [[Peruvian government|government]].<ref name=Camacho/> By 1921 he obtained [[Peruvian sol (1863–1985)|S/.]] 123 million in assets.<ref name=Camacho/>
However, due to the political crisis during the {{ill|Government Junta of Peru (1930)|es|Junta Militar de Gobierno de 1930|lt=Military Junta}} of 1930, it caused its bankruptcy in 1931, which led to a financial crisis.<ref>{{Cite book |title=Historia de la Republica del Peru, 1822-1933 |last=Basadre |first=Jorge |publisher=Editorial Universitaria |year=1968 |pages=322 |language=es |url=https://books.google.com/books?id=OWLrAAAAMAAJ |volume=14 |oclc=746280646 |author-link=Jorge Basadre}}</ref><ref>{{Cite journal |title=La convulsión financiera del Perú y la liquidación del Banco Perú y Londres de 1925-1931».  2 (3): 65. ISSN . doi: |journal=ISHRA, Revista del Instituto Seminario de Historia Rural Andina |url=http://revistasinvestigacion.unmsm.edu.pe/index.php/ishra/article/view/14815 |last=Lipa Sinche |first=Âlvaro |date=2018-07-11 |issue=3 |volume=2 |pages=65 |via=[[UNMSM]] |doi=10.15381/ishra.v2i3.14815 |issn=2616-664X|doi-access=free }}</ref> It competed with the ''[[Banco de Crédito del Perú|Banco de Crédito]]'' and the ''[[BBVA Perú|Banco Continental]]'', which survived after its liquidation by having foreign participation.<ref>{{Cite book |title=Historia empresarial en América Latina: temas, debates y problemas |last=Lluch |first=Andrea |publisher=[[Universidad del Pacífico (Peru)|Universidad del Pacífico]] |year=2021 |isbn=9972-57-461-X |pages=161 |language=es |last2=Monsalve Zanatti |first2=Martín |last3=Bucheli |first3=Marcelo |oclc=1240381124}}</ref>
==References==
{{reflist}}
[[Category:Banks of Peru]]
[[Category:1897 establishments in Peru]]
[[Category:Banks established in 1897]]
[[Category:Banks disestablished in 1931]]