Transcription of Scotiabank Mexico
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Scotiabank Mexico
Scotiabank MexicoYOUR Scotiabank PARTNER IN MEXICOS cotiabank Inverlat was established in 1934 under the name of BancoComercial Mexicano, and in 1993 it became a part of Grupo FinancieroInverlat, the seventh largest bank in 1996, The Bank of Nova Scotia ( Scotiabank ) acquired a 10% interest inthe company and was awarded a management contract by the Mexicangovernment. In November 2000 Scotiabank took control of GrupoFinanciero Inverlat when it increased its ownership to 55%. In April 2003it acquired an additional 36% and in March 2004, acquired yet another6% of the shares, bringing its total ownership stake to 97%.As of January 15, 2001, Grupo Financiero Inverlat s name was changed toGrupo Financiero Scotiabank and the banking arm s name was changedto Scotiabank Inverlat, ( Scotiabank Mexico ) to reflect the newidentity of the group as a member of the Scotiabank Financiero Scotiabank is one of the leading financial groups inMexico.
Scotiabank Mexico YOURSCOTIABANKPARTNERINMEXICO Scotiabank Inverlat S.A. was established in 1934 under the name of Banco Comercial Mexicano, and in 1993 it became a part of Grupo Financiero
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