Scotiabank gains assets from BNP Paribas in Panama

Scotiabank has acquired the wealth-management business of BNP Paribas in Panama and the Cayman Islands, another step in the Canadian bank's strategic expansion in Latin America and the Caribbean region.

The BNP Paribas operations will become part of Scotiabank's Global Wealth Management division, which combines insurance operations.

Scotiabank has offered personal and commercial financial services in Panama since 1974, in the Bahamas since 1965 and in the Cayman Islands since 1968.

Original source: Canadian Press