SOURCE: Scotiabank


January 22, 2014 18:00 ET

Scotiabank Named Business of the Year by the Peruvian-Canadian Chamber of Commerce

TORONTO, ON--(Marketwired - January 22, 2014) - The Peruvian-Canadian Chamber of Commerce (PCCC) has named Scotiabank as Business of the Year in Peru. The announcement was made at their Excellence Awards 2014 gala.

"We are pleased to be recognized as Business of the Year by the Peruvian-Canadian Chamber of Commerce for the strength of Scotiabank's business and commitment to Peru," said Dieter Jentsch, Group Head of International Banking at Scotiabank. "Scotiabank's Latin American operations continue to be a focus for us and Peru is a key market in our growth strategy."

Scotiabank has been building its business in Peru for the past 17 years and most recently acquired 50% of AFP Horizonte, which was the country's third largest pension fund manager.

"Scotiabank was chosen as Business of the Year because they have provided a tremendous contribution to the Peruvian market not only in the economic sense but also on the social and community side by supporting a variety of initiatives including charitable and educational programs," said Jim Louttit, President of the Peruvian-Canadian Chamber of Commerce.

Through its global philanthropic program, Bright Future, Scotiabank supports communities across Peru. In 2013, the Bank gave CAD$900,000 in funds to local charities and employees donated more than 18,000 volunteer hours, dedicating their time to supporting projects across the country. 

About Scotiabank in Peru

  • Scotiabank has been operating in Peru since 1997 and now has more than 11,200 employees, and 300 branches and offices across the country.
  • Scotiabank serves retail, corporate, commercial and institutional and customers in the country. Through its subsidiary, CreditScotia, the Bank also provides services to consumer and micro finance customers.
  • In 2013, Scotiabank acquired 50% of pension fund manager AFP Horizonte to be integrated into the Bank's existing pension fund manager Profuturo AFP.
  • In 2007, Scotiabank launched its Bright Future program in Peru uniting the Bank's charitable, social and community efforts and employee volunteer activities.
  • In 2005, Scotiabank purchased a majority stake in both Banco Sudamericano and Banco Wiese Sudameris and merged them to form Scotiabank Peru. 

About the PCCC
The PCCC acts to assist companies in Canada and Peru expand their business in both countries and communicate opportunities made possible by the 2009 Free Trade Agreement.

About Scotiabank
Scotiabank has a strong 125 year history in International Banking with a presence in more than 55 countries around the world. In Central and South America, the Bank's footprint includes operations in Belize, Brazil, Chile, Colombia, Costa Rica, El Salvador, Guatemala, Mexico, Nicaragua, Panama, Peru, Uruguay and Venezuela. Scotiabank has more than 41,000 employees, 3,961 ABMs and 2,234 branches and other offices in the region, including affiliates.

Scotiabank is a leading financial services provider in over 55 countries and Canada's most international bank. Through our team of more than 83,000 employees, Scotiabank and its affiliates offer a broad range of products and services, including personal and commercial banking, wealth management, corporate and investment banking to over 21 million customers. With assets of $744 billion (as at October 31, 2013), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). For more information please visit

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