Scotiabank group has relevant presence in Chile since 1990, when acquired a stake in Banco SudAmericano. Scotiabank Chile is one of the leading banks in the local banking system with over 7.000 employees and presence in every major region of the country.
Scotiabank Chile is controlled by The Bank of Nova Scotia, a Canadian bank with 190 years of history, presence in over 30 countries and listed in the Toronto (TSX: BNS) and New York stock exchanges (NYSE: BNS). Scotiabank Group has a strong footprint in the Pacific Alliance countries offering a wide array of banking products and services to retail and corporate & commercial customers including wealth management, investment banking and capital markets.
Milestones in our history:
Scotiabank starts its operations in Chile after acquiring a minority stake in Banco SudAmericano.
From this moment, the Bank kick-starts its growth and consolidation process in the Chilean market.
With this acquisition Scotiabank doubles its size in Chile reaching a market share of 6.5%.
Since this joint venture agreement took place, CAT had experienced a faster growth than the industry and became a leading institution in the credit card industry.
The merger was fully executed within 18 months following the acquisition and allowed the Bank to double its market share and become one of the leading financial institutions in the country.
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