Scotibank Perú
Encyclopedia
Scotiabank Perú is a Peruvian Bank subsidiary of the Canadian Bank of Nova Scotia, the bank is the result of the merger of Peruvian banks Wiese Sudameris and Banco Sudamericano. Scotiabank Peru is headquartered in San Isidro, the Central Business District
Central business district
A central business district is the commercial and often geographic heart of a city. In North America this part of a city is commonly referred to as "downtown" or "city center"...

 of Lima
Lima
Lima is the capital and the largest city of Peru. It is located in the valleys of the Chillón, Rímac and Lurín rivers, in the central part of the country, on a desert coast overlooking the Pacific Ocean. Together with the seaport of Callao, it forms a contiguous urban area known as the Lima...

.

History

Its presence in Peru dates from 1997, when joined the ownership of Banco Sudamericano with a minority stake of 35%. On 9 March 2006, the Canadian group raised its stake to 100%, becoming its single largest shareholder.

As part of an strategy expansion in Latin America
Latin America
Latin America is a region of the Americas where Romance languages  – particularly Spanish and Portuguese, and variably French – are primarily spoken. Latin America has an area of approximately 21,069,500 km² , almost 3.9% of the Earth's surface or 14.1% of its land surface area...

, the same day, March 9, 2006, Scotiabank Group also acquired 78% stake of Banco Wiese Sudameris from its majority shareholder, the Italian bank
Banca Intesa now Intesa Sanpaolo
Intesa Sanpaolo
Intesa Sanpaolo is a banking group resulting from the merger between Banca Intesa and Sanpaolo IMI based in Turin, Italy. It has clear leadership in the Italian market and a minor but growing international presence focused on Central-Eastern Europe, the Middle East and North Africa Intesa Sanpaolo...

. In May, concretized the combination of the two institutions into a single, resulting in ScotiaBank Peru S.A.A.

In 2008 the Scotiabank Group purchased the stock control of Scotiabank Peru from Intesa Sanpaolo. Today the bank is consolidated as third biggest finance company of Peru.

Structure

Scotiabank Peru performs all the activities of commercial banks: retail banking, corporate banking, corporate banking and investment banking.

Its national coverage through a major fisical network and one of the most complete virtual network, combined with the capacity of its staff, enables it to offer a quality service to its customers.

Today, with 165 offices nationwide, which add up to January 2010, cash correspondents 1.749 "Service Express" (commercial windows of the Bank) that are located at major retailers across the country partners and 335 ATMs.
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