Tag: banco colpatria

Scotiabank completes 51% purchase of Banco Colpatria

Canada’s Scotiabank has completed the purchase of 51% of Colombia’s Banco Colpatria in a deal worth $1 billion in total. The acquisition, announced in October, means that Scotiabank will be the majority stakeholder...

Scotiabank to pay $1B to enter Colombian retail banking market

Scotiabank has announced it will enter the Colombian retail banking market through the acquisition of 51% of Banco Colpatria for $1 billion, according to a company news release. Canada’s Scotiabank said it will pay $500...

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