Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Top Stories

Posted By Gbaf News

Posted on July 4, 2018

Scotiabank completes the acquisition of Citibank’s Consumer and SME operations in Colombia

TORONTO – Scotiabank announced today that is has completed the acquisition of Citibank Colombia’s consumer (retail and credit cards) and small and medium enterprise (“SME”) operations through Scotiabank Colpatria S.A. (the “Bank”), its Colombian subsidiary, effective June 30, 2018. This announcement comes after the transaction received regulatory approval on June 18, 2018.

This acquisition will enhance the Bank’s strategic position by making it the market-leader in credit cards, increasing its scale in Colombia through the addition of more than 500,000 new customers and expanding its ability to greater serve the country’s premium banking segments supported by Scotiabank’s Global Wealth Management network.

Recommended for you

  • The impact of demographic shifts on pension systems and retirement planning

  • The global insurance industry: adapting to changing risk landscapes

  • Starting an Outreach Ministry with Limited Resources: A Case Study from the Association of Related Churches