Scotiabank circles BBVA Chile

Scotiabank circles BBVA Chile

Chile Europe M&A Canada

Scotiabank is in talks with Spanish lender BBVA over the latter’s Chilean business, the Canadian bank said in a statement. Toronto-headquartered Scotia said the talks at this stage were non-binding and exploratory, but a move for BBVA Chile would significantly bolster Scotia’s offering in the Pacific Alliance countries. Scotia’s international banking units recorded $614m in net income at the end of Q3 this year, a 16% increase year-on-year, according to financial statements from the Canadian b

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