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Scotiabank aims to boost Mexico's middle-class

Monday, October 15, 2012

Bank of Nova Scotia plans to take advantage of improved credit quality and a growing middle class to expand lending in Mexico, Latin
America’s second-biggest economy.

“We see a lot of opportunity right now to really start to drive a lot more of the business, and take advantage of people’s credit health,” said

Troy Wright, president and chief executive officer of Grupo Financiero Scotiabank Mexico.

Canada’s third-largest bank will extend credit to families looking to buy first homes, cars and furnishings, Wright said.

Source: Bloomberg