Scotiabank Pacific Alliance Expansion
Other Regions
Leading Caribbean & Central American franchise
Caribbean & Central America
Asia
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Leading bank serving retail, commercial, and
corporate customers
Major markets include the Dominican Republic,
Jamaica, Trinidad & Tobago, Costa Rica,
Panama and The Bahamas
Sharpened geographic footprint by exiting
higher risk, low growth jurisdictions including
Haiti, El Salvador, Puerto Rico, US Virgin
Islands, British Virgin Islands, Belize and 8 of
the Leeward Islands
Dominican Republic: #4 bank
Acquired Banco Dominicano del
Progreso in 2019
China: ~18% interest in Bank of Xi'an
CAD $935MM carrying value as of
April 30, 2021
• Bank of Xi'an reported $511MM of net
income for the twelve months ended
October 31, 2020, of which
Scotiabank's share is 18%
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