Sale of Scotiabank in Peru: company pronounces on a possible cessation of operations in the country

Sale of Scotiabank in Peru: company pronounces on a possible cessation of operations in the country

Scotiabank in Peru is a banking entity that is part of an international financial group originating from Canada. This bank offers a wide variety of financial services and products to both individuals and companies. Among its offers are savings and checking accounts, personal, mortgage and business loans, as well as investments and insurance. Recently, foreign media rumored that the financial institution would be sold and would no longer operate in Peruvian lands.

The Diario Financiero Sud de Chile media reported that, towards mid-December 2023, Scott Thomson, president and global CEO of Scotiabank, expressed the entity’s interest in focusing on the integration of the North American corridor, with the objective of leading the connection between Canada, Mexico and the United States. According to the Chilean newspaper, this generated uncertainty regarding the bank’s commitment to Chile, Peru and Colombia.

Scotiabank’s statement

In a statement, the company denied the Chilean newspaper. Scotiabank reaffirmed its commitment to Peruvian clients and assured that Peru is “key to the Bank’s global strategy and the visit of our global leaders reflects the commitment to growth and development in this market.”

Furthermore, it was recalled that Scotiabank It is the third most important bank in the Peruvian economic system and the improvement in the ratings of credit agencies, such as Fitch, Moody’s and S&P, was highlighted.

Scotiabank’s global CEO comes out to speak after recent rumors

Scott Thomsonpresident and global CEO of Scotiabankalso gave a response to the recent sale rumors within the framework of Investor Day.

“I want to make it very clear. Chile and Peru, although they are in the managed column, are extremely important franchises for us. We are the third largest bank in both countries. We have an incredible team. We have an incredible opportunity in front of us, but we have to manage those businesses differently. We have to close the gap between the best in class and they have enough capital to do it,” he exclaimed.

  Scott Thomson, president and global CEO of Scotiabank.  Photo: Market Screener

Scott Thomson, president and global CEO of Scotiabank. Photo: Market Screener

What is Scotiabank’s phone number?

If you wish to make any type of query to the financial institution Scotiabankthe telephone number to communicate is 311-6000, from Lima, and 0-801-1-6000, from the province.

Scotiabank official pages

Source: Larepublica

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