Scotiabank chief executive Brian Porter told shareholders in April that the bank wants to sharpen its focus in Peru, Colombia, Mexico and Chile.
financial service arm currently has 2.5 million credit cards with more than US$1.2 billion in Chile.
to the bank, said Wendy Hannam, Scotiabank executive vice president for Latin America.
TORONTO Scotiabank (TSX:BNS) says it will acquire a 51 per cent interest in the credit card and consumer loans business of Cencosud SA, the largest retailer in Chile, in a deal valued at $300 million.
The transaction includes a 15 year partnership between Scotiabank and Cencosud.
The transaction will make Scotiabank the third largest credit card supplier in Chile, one of the countries that it has identified as an area of growth.
from a board of directors representing the two partner companies.
Chilean credit card business
Cencosud is a retail conglomerate operating in Air Max Black Woman five countries, including Argentina, Brazil, Peru and Colombia and its Nike Air Max 95 Ultra Premium Se
is excited about this acquisition because it will strengthen our credit card offerings for our customers and attract new customers Nike Air Max 72
The financial services arm of Cencosud will continue to operate as a standalone business, with oversight Air Max 17
Air Max 95 Hybrid
Air Max Plus Blue And Orange
Nike Shoes Women
Nike Trainers Kaishi
Air Max Red And Black And White
Nike Hyperdunk Low
Air Max Ivo Mens
Nike Air Max 95 Dyn
Air Max Day Hong Kong
Nike Shoes High Tops For Women
Nike Air Max 95 Rare
Air Max 95 Jeans
Nike Hyperfuse Yellow And Black
Air Max 95 Grape On Feet
Air Max Shoes Green