[DR1] Scotiabank looking for more

[NewsWhore]

Scotiabank has announced in Toronto, Canada that it is looking to acquire more financial institutions in the Dominican Republic. According to a story in today's Diario Libre, Tim Hayward, executive vice president and chief administrative officer, International Banking for Scotiabank, said that the economic recovery of the Dominican Republic offers excellent conditions for investing, and the bank is talking to other institutions in order to continue expanding. He mentioned the 2003 acquisition of many of the assets of the defunct BanInter and the purchase of the personal banking portfolio from Citibank as just two of the steps the Canadian bank has taken as they seek to expand their presence in the DR. Scotiabank has been operating in the Dominican Republic for 86 years. It is the oldest banking institution in the country.

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