Scotiabank: Colombian Market and Financial Overview
Other Regions
Leading Caribbean & Central American franchise
Caribbean & Central America
Asia
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
Thailand: 5% interest in TMB Bank
• Reduced investment in Thailand in
Q1/20
China: ~18% interest in Bank of Xi'an
•
CAD $926MM carrying value as of
September 30, 2020
CAD $511MM of net income for twelve
months ended October 31, 2020
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