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 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 and
London's stock exchanges. In 1998, the bank would merge with the , itself related to
Sudameris, 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
Scotiabank and in 2006, both Banco Wiese and Banco Sudamericano (which had also been acquired by Scotiabank) were integrated under the corporate name
Scotiabank Perú. ==See also==