Bank consolidation stays at the top of the agenda
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“Latin America represents a tremendous growth platform because all the countries in the region have young populations and the banking penetration as a percentage of GDP in all these countries is quite low” |
Why is Scotiabank so focused on Latin America? I worked in Mexico during the early days of the turnaround and certainly that gave us a better understanding of these markets. We’ve been in Chile and in Peru with minority interests, which we ultimately converted into controlling interests.
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