THE Bank of Nova Scotia (Scotiabank) has announced plans to exit its operations in Colombia, Costa Rica, and Panama, transferring these businesses to Banco Davivienda S.A. As part of the agreement, Scotiabank will acquire a 20 per cent stake in the Colombian bank.

In return for the transfer of operations, Scotiabank will gain around a 20% stake in Colombia lender Davivienda.

Bank of Nova Scotia agreed to transfer its operations in Colombia, Costa Rica and Panama to Banco Davivienda SA of Colombia, saying it will take an after-tax charge of C$1.4 billion ($980 million) as a result.

Scotiabank becomes a shareholder, with approximately 20% of all Davivienda operations and participation in its board of directors. This was reported by several Colombian and Costa Rican media. This transaction not only represents one of the largest recent financial sector agreements,

Scotiabank will hand over its operations in Colombia, Costa Rica and Panama to Colombian bank Davivienda, both parties said on Monday, in exchange giving Scotiabank a 20% stake in Davivienda.

Enphase Energy, Inc. ENPH recently launched its new IQ8P Microinverters, with a peak output of 480 Watts (W) Alternating Current (AC), for residential and commercial applications in Colombia, Panama and Costa Rica.

Mexico has agreed to expand support to other Latin American and Caribbean nations as part of a regional migratory response.

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 Nova Scotia has signed an agreement to sell its operations ...

The Canadian bank says it will take an after-tax impairment loss of approximately $1.4 billion in the first quarter of 2025 in connection with the deal.

(RTTNews) - The Bank of Nova Scotia (BNS), Monday announced the decision to transfer its banking operations in Colombia, Costa Rica and Panama to Latin America-based Davivienda.

Bank of Nova Scotia tightened its focus on its core North American operations with a deal to hand its businesses in Colombia, Costa Rica and Panama to Banco Davivienda in exchange for a stake in ...

It can work with solar modules up to 670 W DC. All units installed in Colombia, Panama and Costa Rica come with a 20-year limited warranty. Enphase is collaborating with installers and ...