Davivienda, Scotiabank

Scotiabank to transfer some Latam banking operations to Davivienda
The Bank of Nova Scotia (NYSE:BNS), known as Scotiabank, agreed on Monday to transfer banking operations of its Colombia, Costa Rica, and Panama businesses to Davivienda in exchange for an ~20% stake in the combined banking operations.
Scotiabank hands over Colombia, Costa Rica, and Panama operations to Davivienda
In return for the transfer of operations, Scotiabank will gain around a 20% stake in Colombia lender Davivienda.
Scotiabank Cedes Operations in Deal with Davivienda, To Take $1.7B In Losses
(TSX: BNS), commonly known as Scotiabank, announced an agreement to transfer its banking operations in Colombia, Costa Rica, and Panama to Davivienda, a prominent Latin
Scotiabank transfers some Latin American assets to Colombia's Davivienda for 20% stake
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. It marks Scotiabank's latest move to refocus on its core markets.
Scotiabank Transfers Latin American Operations to Davivienda for Strategic Stake
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Scotiabank’s Strategic Shift: Selling Operations in Costa Rica,…
Scotiabank’s decision to offload its operations in Costa Rica, Colombia, and Panama comes as part of a broader strategy to focus on markets with higher stability and profitability. The bank’s international banking head, Francisco Aristeguieta, stated:
Scotiabank to Take $980 Million Charge on Colombia Unit Transfer
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 To Transfer Banking Operations In Colombia, Costa Rica, Panama To Davivienda
(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.
Davivienda Will Take Over The Reins Of Scotiabank In Three Countries: Colombia, Costa Rica And Panama
Scotiabank becomes a shareholder, with approximately 20% of all Davivienda operations and participation in its board of ...
Scotiabank to Take $980 Million Charge on Colombia Unit Deal
Bank of Nova Scotia agreed to transfer its operations in Colombia, Costa Rica and Panama to Banco Davivienda SA of Colombia, ...
Scotiabank asumirá cargo de US$980M por venta unidad colombiana
Bank of Nova Scotia acordó transferir sus operaciones en Colombia, Costa Rica y Panamá a Banco Davivienda SA de Colombia, y dijo que, como resultado, asumirá un cargo después de impuestos de1.400 ...
Harvard Business School5mon
Going Mobile-First? The Digital Transformation of Davivienda Bank in Colombia
Tamayo, Jorge, and Jenyfeer Martinez Buitrago. "Going Mobile-First? The Digital Transformation of Davivienda Bank in Colombia." Harvard Business School Case 724-389, September 2023. (Revised July ...