Scotiabank Enters Into Agreement To Transfer Banking Operations In Colombia, Costa Rica And Panama To Davivienda
T-Reuters
07 Jan
Bank of Nova Scotia :Scotiabank Enters Into An Agreement To Transfer Banking Operations In Colombia, Costa Rica And Panama To Davivienda In Exchange For An Approximate 20% Ownership Stake In The Combined Banking Operations.Bank Of Nova Scotia - Scotiabank To Receive Approximate 20% Stake In Davivienda.Bank Of Nova Scotia - Mercantil Colpatria To Sell Interest In Scotiabank Colpatria.Bank Of Nova Scotia - Scotiabank To Recognize Cad$1.4 Billion After-Tax Impairment Loss.Scotiabank: Operations That Are Part Of Transaction Will Now Be Considered Held For Sale, Expected To Reduce Cet1 Ratio By About 10-15 Basis Points.Scotiabank: Cet1 Ratio To Benefit 10-15 Basis Points From Risk-Weighted Assets Reduction.
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