Banco de Crédito del Perú
Encyclopedia
Banco de Crédito del Perú is a Peru
vian bank
, and the largest in the country. It is traded in the New York Stock Exchange
and the Lima Stock Exchange (Bolsa de Valores de Lima). It is controlled by the Romero
family. 118 years after the bank's founding in 1889, BCP has 237 branches, 786 ATM's, 1400 agents and 10,771 employees.
's oldest bank
. It was called Banco Italiano for the first 52 years of its existence, and in 1919 Banca Commerciale Italiana
acquired the bank. On 1 February 1942, the name of the institution was changed to Banco de Credito del Peru.
Later, the bank opened offices in New York City
and Nassau
. Due to the increased activities, the bank moved its headquarters from Downtown Lima to a brand new building designed by Arquitectonica
in the La Molina district in Lima
. By 1988, the bank had a nationwide computer network connected to the main computer in Lima
. The bank then proceeded to establish a network of ATM
's throughout the country.
In 1993, BCP acquired Banco Popular de Bolivia and renamed it Banco de Crédito de Bolivia. One year later a new subsidiary
was created: Credifondo, which is a company dedicated to mutual funds. The year after that, the company created Credileasing, a leasing
subsidiary
company.
In 2004 the Miami chapter of the American Institute of Architects awarded the Banco de Crédito headquarters building the AIA Test of Time Award.
Peru
Peru , officially the Republic of Peru , is a country in western South America. It is bordered on the north by Ecuador and Colombia, on the east by Brazil, on the southeast by Bolivia, on the south by Chile, and on the west by the Pacific Ocean....
vian bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
, and the largest in the country. It is traded in the New York Stock Exchange
New York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
and the Lima Stock Exchange (Bolsa de Valores de Lima). It is controlled by the Romero
Dionisio Romero
Dionisio Romero is a Peruvian economist, with a Masters degree of Business Administration from Stanford University.Mr. Romero was the Chairman of Banco de Crédito del Perú from 1966 to 1987, and has served as a Board Member from December 1990 to march 2009. He was the Chairman of Credicorp and had...
family. 118 years after the bank's founding in 1889, BCP has 237 branches, 786 ATM's, 1400 agents and 10,771 employees.
History
Founded on April 9, 1889, BCP is PeruPeru
Peru , officially the Republic of Peru , is a country in western South America. It is bordered on the north by Ecuador and Colombia, on the east by Brazil, on the southeast by Bolivia, on the south by Chile, and on the west by the Pacific Ocean....
's oldest bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
. It was called Banco Italiano for the first 52 years of its existence, and in 1919 Banca Commerciale Italiana
Banca Commerciale Italiana
Banca Commerciale Italiana, founded in 1894, was once one of the largest banks in Italy. In 1999 it merged with a banking group consisting of Cassa di Risparmio delle Provincie Lombarde and Banco Ambroveneto, the former Banco Ambrosiano, which had merged in 1998. On 1 January 2003, the group's...
acquired the bank. On 1 February 1942, the name of the institution was changed to Banco de Credito del Peru.
Later, the bank opened offices in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
and Nassau
Nassau, Bahamas
Nassau is the capital, largest city, and commercial centre of the Commonwealth of the Bahamas. The city has a population of 248,948 , 70 percent of the entire population of The Bahamas...
. Due to the increased activities, the bank moved its headquarters from Downtown Lima to a brand new building designed by Arquitectonica
Arquitectonica
Arquitectonica is an international architecture, landscape architecture, interior design and urban planning corporation headquartered in Miami, Florida, United States in the Coconut Grove neighborhood, with offices in ten other cities throughout the world...
in the La Molina district in Lima
Lima
Lima is the capital and the largest city of Peru. It is located in the valleys of the Chillón, Rímac and Lurín rivers, in the central part of the country, on a desert coast overlooking the Pacific Ocean. Together with the seaport of Callao, it forms a contiguous urban area known as the Lima...
. By 1988, the bank had a nationwide computer network connected to the main computer in Lima
Lima
Lima is the capital and the largest city of Peru. It is located in the valleys of the Chillón, Rímac and Lurín rivers, in the central part of the country, on a desert coast overlooking the Pacific Ocean. Together with the seaport of Callao, it forms a contiguous urban area known as the Lima...
. The bank then proceeded to establish a network of ATM
Automated teller machine
An automated teller machine or automatic teller machine, also known as a Cashpoint , cash machine or sometimes a hole in the wall in British English, is a computerised telecommunications device that provides the clients of a financial institution with access to financial transactions in a public...
's throughout the country.
In 1993, BCP acquired Banco Popular de Bolivia and renamed it Banco de Crédito de Bolivia. One year later a new subsidiary
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
was created: Credifondo, which is a company dedicated to mutual funds. The year after that, the company created Credileasing, a leasing
Leasing
Leasing is a process by which a firm can obtain the use of a certain fixed assets for which it must pay a series of contractual, periodic, tax deductible payments....
subsidiary
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
company.
In 2004 the Miami chapter of the American Institute of Architects awarded the Banco de Crédito headquarters building the AIA Test of Time Award.