International Banking and Canadian Economy Overview
Acquisition & Divestiture Activity
Acquisitions focused on gaining scale and improving business mix
Divestitures focused on smaller markets and less attractive operating environments
Countries
Businesses
2014
2015
2016
Acquisitions
Aurion Capital
Cencosud
(Chile)
JPMorgan Chase
Credit Card Portfolio
I+I
Canadian Tire
Financial
Citibank
(Peru)
Citibank (Panama)
Services
Citibank (Costa Rica)
2017
Divestitures/Exits
Russia
Egypt
Turkey
Haiti
UAE
Vietnam
Taiwan
France
CI Financial
RoyNat Leasing
Hollis Wealth
*
Announced and pending
2018
2019
MD Financial,
Banco Progreso
Jarislowsky Fraser
(Dominican Republic)
BBVA (Chile)
Cencosud
(Peru)
Citibank (Colombia)
=
•
Thailand* ($3.0B)
PR/USVI ($0.5B)
El Salvador*
9 Leeward Islands
Countries*
CrediScotia
(Jamaica)
Pension & Insurance
(Dominican Republic)
Insurance*
(Jamaica, Trinidad & Tobago)
Pension (Colombia)
Scotiabank.
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