Scotiabank to Transfer Latin American Banking Operations to Davivienda

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 Scotiabank Colpatria in Colombia as part of the deal. 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.Details & Financial Terms of the Scotiabank DealUnder the terms of ...