Juan Yarur Lolas | |
|---|---|
 Statue in the Museum of Fashion, Santiago, Chile | |
| Born | January 8, 1894 |
| Died | August 21, 1954 Santiago, Chile |
| Occupation | Banker |
| Children | Jorge Yarur Banna |
| Relatives | Juan Yarur (grandson) Luis Enrique Yarur Rey (great-nephew) |
Juan Yarur Lolas (January 8, 1894 - August 21, 1954) was a Palestinian-Chilean banker.
Yarur Lolas emigrated from Palestine, then part of the Ottoman Empire, with his younger brother Nicolas in 1902 and set out for Latin America, where they already had relatives in Chile and Bolivia. After working as peddlers for a few years, the two eventually set up a small textile plant in La Paz in 1929. They were invited by President Arturo Alessandri in the mid-1930s to set up larger operations in Santiago, even offering generous incentives that included no custom duties on imported machine tools, low tariffs for imported supplies, and a loan exceeding $1 million USD from the country's largest bank. The brothers accepted it and founded a cotton manufacturing company in 1936. By 1948, this plant was employing more than 3,000 workers and was producing around 60% of the country’s cotton fabric, making it the largest textile plant in Latin America at that time. [1]
Earlier in 1937, Yarur also co-founded Banco de Crédito e Inversiones, [1] [2] serving as its president from 1946 to 1954. [3] The bank is still owned by his descendants. [2]
Yarur was the president of the Arab colony in Santiago, Chile. [4] Together with the German colony, he tried to hire Hjalmar Schacht, Adolf Hitler's Economy Minister, as a "financial adviser" shortly after World War II, but the plan fell through when it became news. [4]
In April 1971, the Yurar textile factory was forcefully nationalised by the Allende government, alongside other successful enterprises owned by Palestinian immigrants. In light of these immigrants' quick economic success, they received relatively little sympathy from the Chilean bourgeoisie. [1]
Hjalmar Schacht was a German economist, banker, politician, and co-founder of the German Democratic Party. He served as the Currency Commissioner and President of the Reichsbank under the Weimar Republic. He was a fierce critic of his country's post-World War I reparations obligations. He was also central in helping create the group of German industrialists and landowners that pushed Hindenburg to appoint the first NSDAP-led government.
BCI may refer to:
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Banco de Crédito e Inversiones S.A.(BCI) is a Chilean bank specializing in savings & deposits, securities brokerage, asset management and insurance. BCI was the Latin American partner for Bear Stearns. BCI was formed and is still owned by the Yarur family.
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Arab Chileans are Chileans from predominantly Arab ancestry. People from the Arab world arrived in Chile as early as the mid-19th century. Historically, the Arabs of Chile were called Turks, Moors, Syrians, Lebanese, or Palestinians.
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The Palestinian diaspora, part of the wider Arab diaspora, are Palestinian people living outside the region of Palestine.
Chile–Palestine relations are the current and historical relations between the Republic of Chile and the State of Palestine. Both nations enjoy friendly relations, the importance of which centers on the history of Palestinian migration to Chile.
Luis Enrique Yarur Rey is a Chilean heir and banker. He serves as the chairman of Banco de Crédito e Inversiones. He is the vice chairman of the Chilean Banking Association. As of December 2016, he is worth an estimated US$1.34 billion according to Forbes.
Jorge Yarur Banna was a Chilean banker. He served as the president of Banco de Crédito e Inversiones, a bank founded by his father, until 1991.
Silvia Emiliana Pinto Torres was a Chilean journalist and politician. She was the daughter of Óscar Pinto López and Matilde Torres Puerta de Vera, and was married to journalist Daniel Galleguillos, with whom she had three daughters.
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Juan Yarur is a Chilean collector of contemporary art and the founder of the Santiago based non-profit AMA Foundation. He presently resides in New York and Santiago.
Amador Yarur Banna was a Chilean businessman of Palestinian origin. He was president of Textile Yarur and first president of Club Deportivo Palestino.
La BCI (Banco de Créditos e Inversiones), est ainsi la seule parmi les plus importantes banques du pays, a être encore entre les mains de la famille fondatrice : créée en 1937 par Juan Yarur Lolas, la BCI est aujourd'hui dirigée par Luis Enrique Yarur Rey, troisième génération du clan.
An effort to secure the immigration of Dr. Schacht, the former Ministry of Economy, was made by the Santiago German colony. They worked in league with the local Germany colony, whose President, Juan Yarur, one of the wealthiest industrialists in Chile, was to have engaged the doctor as "financial adviser." Timely publicity helped to frustrate the clever design.
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