Scotiabank, Colombia and Davivienda

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’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 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.
Scotiabank to sell 'troubled' operations in Colombia, Costa Rica and Panama
The Bank of Nova Scotia has signed an agreement to sell its operations in Colombia, Costa Rica and Panama as it looks to boost efficiencies and reorganize its Latin American businesses. The foreign operations will be transferred to Banco Davivienda SA,
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 directors. This was reported by several Colombian and Costa Rican media. This transaction not only represents one of the largest recent financial sector agreements,
Scotiabank selling operations in Colombia, Costa Rica and Panama to Davivienda
The Canadian bank says it will take an after-tax impairment loss of approximately $1.4 billion in the first quarter of 2025 in connection with the deal.
Scotiabank to Transfer Latin American Banking Operations to Davivienda
The Bank of Nova Scotia BNS or Scotiabank has agreed to transfer its banking operations in Colombia, Costa Rica and Panama to Davivienda. Further, Mercantil Colpatria will divest its stake in Scotiabank Colpatria in Colombia as part of the deal.
Enphase Energy Expands in Latin America with Launch of IQ8 Microinverters in Colombia, Panama, and Costa Rica
IQ8 Microinverters are designed to maximize energy production and can manage a continuous DC current of 14 amperes, supporting higher-powered solar modules through increased energy harvesting. The ...
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, ...
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Avianca Announces Ticket Sales for Three New US Routes
Latin American airline Avianca, has launched ticket sales for three new direct routes: Fort Lauderdale to Medellin, Miami to ...
Enphase Energy Extends IQ8 Microinverters Launch In Latin America
Enphase Energy, Inc. (ENPH), a supplier of microinverter-based solar and battery systems, Thursday said it has launched IQ8 ...
Costa Rica hires Miguel Herrera as coach for 2026 World Cup qualifiers
Former Mexico coach Miguel Herrera has been hired as coach of the Costa Rica men’s national team. The 56-year-old Herrera led ...