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
Foreign banks are already significant players in the Chilean market
Strategic alliance in Chile; Banking acquisition in Peru
New product was developed along with one of Colombia’s largest mutual fund providers
Bank plans to increase its presence in Peru, Colombia, Mexico and Chile