Scotiabank Completes Acquisition of Citi in Colombia



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With the announcement of the acquisition of consumer activities (personal banking and credit cards), also corresponding to small and medium-sized businesses, Citi's business will now be transferred to Scotiabank Colpatria.

Press Release confirmed that " the two networks will operate independently under two distinct brands: Colpatria Multibanca and Scotiabank Colpatria. The Bank will continue to serve Colpatria Multibanca's customers using service channels customers previously part of Citibank's consumer and small business operations in Colombia will continue to be served through the 47 acquired branch offices, the telephone, the Web and the mobile network under the Colpatria brand. recently launched by Scotiabank Colpatria.

As reported by Scotiabank Colpatria, it will be that customers of both brands will benefit from having access to both ATM networks at no charge to the debit card.

"We are very satisfied with a transaction with Scotiabank Colpatria, deeply grateful for the trust of our customers, and proud of our employees and the business we deliver," Álvaro Jaramillo CCO Colombia and the Northern Region of Latin America for Citi, Half a Press Release

Recall that Scotiabank is the international bank of Canada, which it is a provider of financial services in North America, Latin America, the Caribbean and Central America, and Asia-Pacific

It has 24 million customers worldwide through advice, products and services in the personal banking sector and commercial

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