Banco Wiese, Ltdo., known as the Banco Wiese Sudameris (BWS) after 1997, was a

Peru , image_flag = Flag of Peru.svg , image_coat = Escudo nacional del Perú.svg , other_symbol = Great Seal of the State , other_symbol_type = Seal (emblem), National seal , national_motto = "Fi ...

vian bank that existed between 1943 and 2006, when it was merged into

Scotiabank The Bank of Nova Scotia (french: link=no, Banque de Nouvelle-Écosse), operating as Scotiabank (french: link=no, Banque Scotia), is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. One of Canada ...

's local branch, ''Scotiabank Perú''.

History

The bank was founded by a group of Peruvian businessmen, led by , on March 1, 1943. Its first headquarters was located in the Jirón Miró Quesada in

downtown Lima Lima is a district of Lima Province in Peru. Lima district is the oldest in Lima Province and as such, vestiges of the city's colonial era remain today in the historic centre of Lima, which was declared a UNESCO World Heritage Site in 1988 and ...

and was part of the . It operated exclusively in the city of Lima until the 1990s when it began its decentralisation with the opening of branches in different cities of Peru, becoming considered the second bank in the Peruvian financial system. On December 6, 1963, it inaugurated its main headquarters on Emancipación Avenue between Lampa and Carabaya streets with the presence of the then President of Peru, Fernando Belaúnde Terry. In 1994 it was the first Peruvian bank to list its shares on

New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

and

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

's stock exchanges. In 1998, the bank would merge with the , whose formation was the ephemeral ''Banco Wiese Sudameris'' that disappeared in 2006. Prior to its disappearance, the bank developed the "Creceahorro" strategy in 2003, which generated controversy the following year due to the inclusion of clauses considered abusive. Despite attempts to deny its bankruptcy, in 2005 Banco Wiese Sudameris was acquired by the Canadian

and in 2006, both Banco Wiese and Banco Sudamericano (which had also been acquired by Scotiabank) were integrated under the corporate name ''Scotiabank Perú''.

References

{{reflist Banks of Peru Banks established in 1943 Banks disestablished in 2006