Scotia Bank to Open Office in Guatemala

The bank has had a presence in the country since 2008, when it acquired the Banco de Antigua.

The Minister of Economy, Luis Velasquez, told the media that on July 20, the Monetary Board will approve the procedure for entry into the country.

"Scotia Bank operations will be targeting the financing of micro, small and medium enterprises with the aim of generating employment and productivity in this Central American country, the official said", published Siglo21.com

Source: sigloxxi.com

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Scotiabank continued its advance in Latin America with the acquisition in Guatemala of Banco de Antigua. The only countries in Central America where the Canadian bank has still to establish a presence are Nicaragua and Honduras.

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