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, with more than 600 branches and 1,300 ATM s throughout thecountry.
Scotiabank Mexico YOURSCOTIABANKPARTNERINMEXICO Scotiabank Inverlat S.A. was established in 1934 under the name of Banco Comercial Mexicano, and in 1993 it …
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