The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

One in five mortgages in Mexico are through Scotiabank, and the bank recently closed a deal to buy Credito Familiar, which adds 145,000 customers for the bank in the region.
One in five mortgages in Mexico are through Scotiabank, and the bank recently closed a deal to buy Credito Familiar, which adds 145,000 customers for the bank in the region.
(Keith Dannemiller/)

Scotiabank’s secret weapon against slowdown: Latin America

At some point in the near future, we may need a debate on what to call Bank of Nova Scotia.

I say this because if its international operation continues to post these growth rates, someone could argue that Scotiabank isn’t so much a ‘Canadian bank’ anymore. Rather, it’s more like a global bank headquartered in Canada.