Scotiabank aims to boost Mexico's middle-class
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.