Banco de Crédito de Bolivia (abbreviated as BCP) is a banking and

financial services Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...

company located in

Bolivia , image_flag = Bandera de Bolivia (Estado).svg , flag_alt = Horizontal tricolor (red, yellow, and green from top to bottom) with the coat of arms of Bolivia in the center , flag_alt2 = 7 × 7 square p ...

. It is headquartered in

La Paz La Paz (), officially known as Nuestra Señora de La Paz (Spanish pronunciation: ), is the seat of government of the Bolivia, Plurinational State of Bolivia. With an estimated 816,044 residents as of 2020, La Paz is the List of Bolivian cities ...

and is a wholly owned international

subsidiary A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ...

Banco de Crédito del Perú Banco de Crédito del Perú is the largest bank and the largest supplier of integrated financial services in Perú with approximately US$39 billion in total assets and a market share of 30.4% in total loans and 33.5% in total deposits. Operations ...

, Peru's largest bank. BCP Bolivia started its operations in the country following BCP's acquisition of the Bolivian bank Banco Popular. BCP Bolivia provides its products and services through operating 102 branches, 240 ATMs, call centers, and online and mobile banking platforms. Banco de Crédito de Bolivia is currently Bolivia's fourth largest bank by total assets.

History

Acquisition of Banco Popular

In 1994, Banco de Crédito del Perú acquired the Bolivian bank "Banco Popular" and renamed it to Banco de Crédito de Bolivia S.A.. The acquisition of Banco Popular allowed Banco de Crédito del Perú to begin businesses and operations in

. BCP Bolivia became a wholly owned subsidiary of Bance de Crédito del Perú.

Acquisition of Banco de La Paz

In 1998, Banco de Crédito del Perú announced its intentions to acquire the Bolivian bank "Banco de La Paz", through its subsidiary BCP Bolivia. The acquisition of the bank further expanded the bank's presence in Bolivia and added a significant number of branches in other regions of the country. In 1999, BCP Bolivia announced the acquisition of the bankrupt "Banco Boliviano Americano". BCP Bolivia acquired the bank's operations and its headquarter buildings.

Operations

Personal banking

BCP Bolivia's personal banking division serves customer individuals, business individuals and small businesses. This financial product was composed of the following areas: *

Retail banking Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking. Banking servi ...

: Offers Transactional accounts,

savings accounts A savings account is a bank account at a retail bank. Common features include a limited number of withdrawals, a lack of cheque and linked debit card facilities, limited transfer options and the inability to be overdrawn. Traditionally, trans ...

debit cards A debit card, also known as a check card or bank card is a payment card that can be used in place of cash to make purchases. The term ''plastic card'' includes the above and as an identity document. These are similar to a credit card, but unl ...

credit cards A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the o ...

, mortgages and personal loans. *Business banking: Offers business bank accounts, savings, mortgages and loans.

Credibolsa

Credibolsa is a subsidiary of BCP Bolivia that provides financial advisory services and brokerage in the Bolivian stock market for the buying and selling of long-term debt or equity-backed securities. It also provides financial consulting and offers

investment management Investment management is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be institut ...

among other services.

Corporate affairs

Board of directors

*Dionisio Romero Paoletti (Chairman) *Walter Bayly Llona (Vicepresident) *Jorge Mujica Gianoli (General manager)

Shareholders

Avion Pirata

One of the bank's branches was once located inside a famous airplane, the local legend

Avion Pirata ''Avión Pirata'' (Pirate Airplane) is the name given by Bolivians to a Lockheed Constellation which mysteriously carried flights into El Trompillo Airport in Santa Cruz, Bolivia, during 1961. The airplane has remained in Bolivia since 1961, when ...

References

{{DEFAULTSORT:Banco de Credito de Bolivia Banks of Bolivia Banks established in 1994 Bolivian brands Bolivian companies established in 1994