Scotiabank Cautiously Optimistic

BY JOACHIM BAMRUD

Anatol von Hahn, executive vice president for Latin America for Canada-based Scotiabank, acknowledges that the bank has been adversely affected by the region’s economic slowdown, but is far from pessimistic. Asked about how he sees the outlook in Latin America, he says he’s “cautiously optimistic.”

“Growth has been affected negatively,” von Hahn says. “We will not grow as in previous years... There’s a greater degree of delinquency in all these countries. We’re not immune to that….We’ll have some challenges, but [thanks to] our experience and management team, we will work our way through [them].”

The experience he refers to is Scotiabank’s presence in Latin America, which...

Full story

Keywords: Chile, Costa Rica, Dominican Republic, Mexico, Peru