Canadian financial services company Scotiabank has signed an agreement to transfer its banking operations in Colombia, Costa Rica, and Panama to Davivienda. In return, Scotiabank will acquire a 20 ...

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% ...

Scotiabank said last month that it will transfer its operations in Colombia, Costa Rica and Panama to Davivienda, in exchange for a 20% stake in the Colombian bank. Sign up here. It had said that ...

The bank took at $1.35 billion loss on selling operations in several countries, including Colombia and Panama. On an adjusted basis, therefore, that takes Scotiabank’s earnings up to around $2.3 ...

Costa Rica and Panama to Banco Davivienda in exchange for a stake in the enlarged Colombian lender. Scotiabank at the time forecast the deal would result in an impairment loss of roughly C$1.4 ...

Since 2023, Scotiabank has been trying to recycle capital from its Latin American businesses into North America. It sold its operations in Colombia, Costa Rica and Panama last month and purchased 14.9 ...

As a part of the strategy, Scotiabank sold its Colombia, Panama and Costa Rica operations to Banco Davivienda and bought a roughly 15% stake in U.S. regional lender KeyCorp. On an adjusted basis ...

Scotiabank said last month that it will transfer its operations in Colombia, Costa Rica and Panama to Davivienda, in exchange for a 20% stake in the Colombian bank. It had said that it would log an ...