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.

The Bank of Nova Scotia has signed an agreement to sell its operations in Colombia, Costa Rica and Panama as it looks to boost efficiencies and reorganize its Latin American businesses.

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 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.

ENPH expands its presence in Latin America with the launch of its new IQ8P Microinverters in Colombia, Panama and Costa Rica.

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. The move is part of Scotia's push to slim down operations in non-core markets,

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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. In exchange for ...