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
The outlook for the region is positive, with several nations presenting interesting opportunities for clients seeking growth
Bank to integrate its share with its existing business in Peru
