Sco­tia­bank looks to Pa­cific Al­liance for growth

The Guardian (Charlottetown) - - BUSINESS - The Cana­dian Press

MEX­ICO CITY — Sco­tia­bank is ex­pect­ing earn­ings from its op­er­a­tions in Latin Amer­ica to grow steadily over the next few years as the re­gion’s ex­pand­ing middle class in­creases its ap­petite for fi­nan­cial ser­vices. Di­eter Jentsch, Sco­tia­bank’s group head of in­ter­na­tional bank­ing, says he ex­pects the bank’s an­nual earn­ings from Pa­cific Al­liance coun­tries to grow by an av­er­age of nine to 11 per cent a year over the next three to five years. Jentsch made his com­ments dur­ing the bank’s in­ter­na­tional bank­ing in­vestor day event held in Mex­ico City.

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