Scotiabank Canada Bank said Friday had reached an agreement to sell its banking and insurance operations in El Salvador to Imperia Intercontinental Inc., as part of a strategy to focus on major markets.
The agreement, which includes the sale of Scotiabank El Salvador, its subsidiary bodies and Scotia Seguros, is subject to regulatory permission and closure to its. In fact, the institution said in a statement that did not specify the amount of its business.
"This business with Imperia is easier for the interests of our users, staff and shareholders," said Ignacio Deschamps, director of the International Banking Agency and Digital Transportation Group at Scotiabank.
The company, the largest international bank in Canada, said its jobs in El Salvador were to the end of the # 39; process continuously.
Scotiabank El Salvador, which opened work in October 1997, was sold after the sale of another sale in nine Caribbean countries, such as Jamaica, Trinidad and Tobago and Dominican Republic.
The gradual impact of those businesses, including loss from the sale of jobs in El Salvador, profits of 250 million dollars, said. company.
Impera Intercontinental, which was awarded Citibank in 2016 in El Salvador, the main shareholders of Salvadorans Banco Cuscatlán and Seguros e Inversiones S.A. (SISA).