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.

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 ...

Analysts and investors have speculated that Scotiabank could divest some of its operations in the Latin America region since chief executive officer Scott Thomson launched his strategic turnaround ...

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 ...