Scotiabank Exits Latin American Markets, Invests in Banco Davivienda
Scotiabank is withdrawing from Colombia, Costa Rica, and Panama, incurring a major charge while acquiring a stake in Banco Davivienda. Explore the strategic shift.
Topic
Scotiabank
A collection of 6 issues
Banco Davivienda Acquires Scotiabank's Operations in Latin America
Banco Davivienda strengthens its presence in Latin America by acquiring Scotiabank's operations in Colombia, Costa Rica, and Panama, while Scotiabank gains a 20% stake in Davivienda.
Scotiabank Reevaluates Central American Strategy
Scotiabank plans no new capital for Colombia, considers selling Central American units. Explore its strategic moves in Latin America.
Scotiabank's Colombian Unit Reports Consecutive Losses
Scotiabank faces significant challenges with its Colombian operations, reporting losses of C$82 million in 2022 and C$50 million in 2023. Discover the impact.
Scotiabank Acquires 20% Stake in Banco Davivienda
Scotiabank secures 20% ownership in Banco Davivienda. Gain insights on this strategic move and its impact on board nominations and financial landscape.
Scotiabank Transfers Latin American Operations to Davivienda
Scotiabank exits Colombia, Costa Rica, and Panama by transferring operations to Banco Davivienda SA, resulting in a C$1.4 billion after-tax charge.