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Banco de Crédito del Perú

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Banco de Crédito del Perú
Company typePublic
NYSE: BAP
BVL: BAP
IndustryFinancial Services
FoundedLima, Peru (1889)
HeadquartersLima, Peru
ProductsInsurance, Banking, Securities
RevenueIncrease S/. 4.686 billion (US$ 1.704 billion)(2011)[1]
Increase S/. 2.662 billion (US$ 0.968 billion)(2011)[1]
Total assetsIncrease S/. 73.7 billion (US$ 26.8 billion)(2011)[1]
Number of employees
10,771 (2007)
Websitewww.viabcp.com

Banco de Crédito del Perú is a Peruvian bank, and the largest in the country. Its shares are traded on the New York Stock Exchange and the Lima Stock Exchange (Bolsa de Valores de Lima). It is controlled by the Romero family though the Credicorp financial holding, which also includes Pacifico Insurance and Prima AFP (a leading pension fund), among others. 118 years after the bank's founding in 1889, BCP has 237 branches, 786 ATMs, 1,400 agents and 10,771 employees.

History

Founded on April 9, 1889, BCP is Peru'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 ATMs throughout the country.

In 1993, BCP acquired Banco Popular de Bolivia and renamed it Banco de Crédito de Bolivia. Since then, the company has launched several subsidiary companies such as Credifondo, a mutual funds company; Credileasing, a leasing subsidiary; Credibolsa, a Stock Brokerage firm; La Fiduiciaria, a fiduciary services company, among others. In 2010, BCP acquired Edificar, a leading micro-finance company in Peru.

In 2004 the Miami chapter of the American Institute of Architects awarded the Banco de Crédito headquarters building the AIA Test of Time Award.[2]

References

  1. ^ a b c http://www.credicorpnet.com
  2. ^ AIA 2004 Chapter Awards, AIA Miami Site
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