Scotiabank Chile

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Overview

Scotiabank Chile is Scotiabank Bank of Nova Scotia Canadian parent TSX: BNS + NYSE: BNS subsidiary + Chilean commercial bank + one of Chile's largest commercial banks post-BBVA Chile consolidation Jul 2018 ~$2.2B acquisition ^{1, Chile report}.

History

1990 — Scotiabank Canadian parent acquires Sudamericano Chilean commercial bank.

Jul 2018 — Scotiabank Canadian parent acquires BBVA Chile for ~$2.2B + consolidates Scotiabank Chile distinctive Chilean banking acquisition + consolidation.

2013 — Scotiabank Chile mobile banking app launch.

Ownership & operator

Operating entity: Scotiabank Chile (Chilean commercial bank; Scotiabank Canadian parent subsidiary).

Major shareholders: Scotiabank The Bank of Nova Scotia (TSX: BNS + NYSE: BNS; Canada's #3 bank by assets) ~98%+ controlling.

Regulators: CMF Chile + BCCh.

Technical integration

Scotiabank Chile mobile app (iOS + Android) + scotiabankchile.cl online + Scotiabank Chile branch network across Chile + Scotiabank Chile Visa + Mastercard cards; CL IBAN + TEF CL.

Implementations & partners

Scotiabank parent: Scotiabank (Bank of Nova Scotia) (Scotiabank Canada; TSX: BNS + NYSE: BNS; Canada's #3 bank by assets; Latin America + Caribbean focus among Big Five Canadian banks).

Major Chilean banking + payments competitors: Santander Chile (Santander Chile; BCS: BSAN + NYSE: BSAC; Banco Santander Spain Chilean subsidiary; Chile's largest private commercial bank by assets) + Banco de Chile (Banco de Chile; BCS: CHILE + NYSE: BCH; Quiñenco Luksic group + Citigroup major shareholders; Chile's #2 commercial bank by assets) + BCI (Banco de Crédito e Inversiones) (BCI Banco de Crédito e Inversiones; BCS: BCI; Yarur family controlling) + BancoEstado (BancoEstado; Chilean federal commercial bank; ~13M+ Chilean customers) + Itaú Chile / itu (Cuenta corriente digital) (Itaú Chile; Itaú Unibanco Brazilian parent Chilean subsidiary) + Banco Falabella (Banco Falabella; Falabella Chilean retail conglomerate banking subsidiary) + MACH (MACH; Banco BCI Chilean digital wallet) + Mercado Pago Chile (Mercado Pago Chile; MercadoLibre group; Chilean operations).

Regulators: CMF Chile + BCCh.

Status

Active, Scotiabank Bank of Nova Scotia Canadian parent TSX:BNS + NYSE:BNS subsidiary + Chilean commercial bank + one of Chile's largest commercial banks post-BBVA Chile Jul 2018 ~$2.2B acquisition + consolidation ^{1, 2}.

Sources

1 Scotiabank Chile — official
2 Scotiabank — Wikipedia
^{Chile report} In-corpus: reports/countries/CL-chile.md

Source

Biography extracted from scotia-cl.md. See matrix.md for standards-support matrix if present.