The Bank of Nova Scotia (NYSE:BNS), known as Scotiabank, agreed on Monday to transfer banking operations of its Colombia, Costa Rica, and Panama businesses to Davivienda in exchange for an ~20% ...

Davivienda, one of the most renowned banks in the Latin American region, has operations in Colombia, Costa Rica, El Salvador, Honduras, Panama and Miami. It caters to more than 24.6 million clients.

With this agreement, Scotiabank continues to execute against its five-year plan to improve profitability across its International Banking markets. This transaction is capital neutral overall with ...

Scotiabank is selling its holdings in Colombia, Panama and Costa Rica to Colombian bank Banco Davivienda as it looks to reorganize its Latin American businesses. (Credit: Cole Burston) The Bank of ...

Scotiabank has entered into an agreement with Davivienda to transfer its banking operations in Colombia, Costa Rica, and Panama, receiving an approximate 20% ownership stake in the combined entity.

TORONTO — Scotiabank says it has signed a deal to sell its banking operations in Colombia, Costa Rica and Panama to Davivienda in exchange for a 20 per cent stake in the Colombian financial ...

The Bank of Nova Scotia BNS or Scotiabank has agreed to transfer its banking operations in Colombia, Costa Rica and Panama to Davivienda. Further, Mercantil Colpatria will divest its stake in ...

“(This) compares to the $1 billion (Scotiabank) paid to acquire its 51 per cent stake in the Colombian operation in 2012 and the US$360 million it paid to acquire its banking operations in Panama and ...

The Bank of Nova Scotia BNS or Scotiabank has agreed to transfer its banking operations in Colombia, Costa Rica and Panama to Davivienda. Further, Mercantil Colpatria will divest its stake in ...