The ratio of elderly to working-age people is rising
The transaction is intended to double Scotia’s presence in Chile
The agreement will make Scotiabank the second-largest credit card issuer in the South American country
The bank’s international banking unit continues to perform strongly as it accounted for almost a third of overall net income in Q3
The bank and QED Investors are launching a VC fund that will seek out companies in Latin America focused on fintech disruptors
Some money managers are upping their exposure to Latin America, believing the worst is over and stock prices have strong upside potential
The acquisitions, valued at around US$360 million, include 21 bank branches, 88 ABMs and four service centres
Toronto-based Bank of Nova Scotia is expecting earnings from its operations in Latin America to grow steadily over the next few years as the region’s expanding middle class increases its appetite for financial services. Dieter Jentsch, Scotiabank’s group head of international banking, says he expects the bank’s annual earnings from Pacific Alliance countries to grow […]
Deal increases bank’s reliance on non-domestic earnings
Deal to acquire Citigroup’s operations in Panama and Costa Rica indicates Scotiabank’s interest to expanding in the region