Scotiabank has announced that it has closed atransaction to purchase the Royal Bank of Scotland (Chile) corporateand commercial banking operations. The terms of the transaction are notfinancially material to Scotiabank and were not disclosed.
In Latin America, Scotiabank has operations in Brazil, Chile,Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala,Mexico, Panama, Peru, Puerto Rico and Venezuela. The Bank has more than32,000 employees, 2,605 automated banking machines (ABMs) and 1,889branches, kiosks and other offices in the region, including affiliates.Scotiabank has been in El Salvador since 1997, where it is thefourth-largest bank; in Peru since 1997, where it is the third-largestbank; Mexico since 1967, where it is the sixth-largest commercial bank;and Chile since 1990, where it is the seventh-largest bank.
Scotia Capital is the wholesale banking arm of the Scotiabank Group,offering a wide variety of corporate and investment banking and capitalmarkets products and services to corporate, government andinstitutional clients. Scotia Capital provides full-service coverageacross North America, and also serves selected niche markets globally.It has 29 offices and more than 300 relationship managers organizedaround industry specialties. For more information, please visit www.scotiacapital.com.
Scotiabank is one of North America’s premier financial institutionsand Canada’s most international bank. With more than 70,000 employees,Scotiabank Group and its affiliates serve some 18.6 million customersin more than 50 countries around the world. Scotiabank offers a broadrange of products and services including personal, commercial,corporate and investment banking. With assets above $526 billion (as atOctober 31, 2010), Scotiabank trades on the Toronto (BNS) and New YorkExchanges (BNS). For more information please visit www.scotiabank.com.