National Bank of Peru
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|
| Industry | Finance |
|---|---|
| Founded | (1966) |
| Headquarters | Lima, Peru |
| Products | Financial Services |
The Bank of the Nation, known in Spanish as the Banco de la Nación, is the bank which represents the Peruvian government in financial transactions in both the public and private sectors, as well as at both domestic and international levels. It is a state institution, but it should not be confused with the Central Reserve Bank of Peru, the central bank which coins money. The BN (its official Spanish initials) belongs to the Peruvian Ministry of Economy and Finance. Its headquarters is located in the San Isidro District of Lima, the capital of Peru.
The BN was created January 27, 1966, by Law 16000, approved by the Peruvian congress and was signed into law by the then-president Fernando Belaúnde Terry. Its predecessors date to 1905, when José Pardo created the Caja de Depósitos y Consignaciones or Bank of Deposits and Consignments.
The Bank of the Nation has function uninterrupted since its creation. Currently, it employs its own system of ATMs and provides its own credit and debit cards.
Throughout the years, the bank's functions have either been expanded or reduced according to the policies of the current government although its most basic functions usually never change. Currently, the Bank of the Nation is used to:
Branch offices can be found in every Peruvian province, with a total of 403 branch offices, of which 87% are located in rural areas of the country where private banks do not operate
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Wikipedia