Bank of London and South America: Difference between revisions
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Latest revision as of 12:13, 25 April 2016
The Bank of London and South America or BOLSA (Spanish: Banco de Londres y América del Sur, also known simply as Banco de Londres) was a British bank, which operated in South America between 1923 and 1986.
The bank was incorporated in England on 27 September 1862 as the London, Buenos Ayres, and River Plate Bank, originally to operate in Buenos Aires. It soon opened branches elsewhere in Argentina, and changed its name to the London and River Plate Bank in 1865. The Bank expanded over the years to have operations in Uruguay, Brazil and Chile. In 1918 it was acquired by Lloyds Bank.
In 1923 Lloyds Bank brought about a merger with the separately owned London and Brazilian Bank, to prevent the two banks being in direct competition with each other. The merged bank was renamed Bank of London and South America. Lloyds retained a major interest in BOLSA throughout its subsequent history.