Canadian bank enters Uruguay with "astonishing speed"
Scotiabank was impressed by Uruguay's “sophisticated regulatory environment” (Credit: abdallahh)
Uruguayan firms Posadas, Posadas & Vecino and Ferrere Abogados are assisting in Scotiabank's purchase of Nuevo Banco Comercial (NBC) and consumer finance company Pronto! The move will make Scotiabank the first Canadian bank with a retail network in Uruguay.
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