September 28, 2016 4:16 AM ET


Company Overview of Scotiabank of Puerto Rico, Inc.

Company Overview

Scotiabank of Puerto Rico, Inc. provides personal and commercial banking, corporate financing, and foreign currency exchange services in Puerto Rico. The company’s personal banking services include checking and savings accounts, credit cards, mortgages, and loans and lines of credits; and life, home and personal property, auto, and credit insurances. Its commercial banking services comprise commercial savings and checking accounts, trade financing and business banking, and cash management solutions; and corporations, business interruption programs, employee benefits, traditional and non-traditional, and professional’s insurance coverages. The company was founded in 1910 and is based in Hato ...

Avenue Ponce de León

Plaza Scotiabank

Suite 273

Hato Rey, PR 00917

United States

Founded in 1910





Key Executives for Scotiabank of Puerto Rico, Inc.

Chief Executive Officer and President
Chief Operating Officer
Secretary and Director
Vice President of Retail Products and Channels
First Vice President of Consumer Banking
Compensation as of Fiscal Year 2016.

Scotiabank of Puerto Rico, Inc. Key Developments

Scotiabank de Puerto Rico Promotes Denis Vaz to President and CEO

Scotiabank de Puerto Rico promoted Denis Vaz to president and CEO.

Scotiabank Said To Consider Sale Of Puerto Rico Banking Unit

The Bank of Nova Scotia (TSX:BNS) is reportedly weighing a sale of its Puerto Rican banking unit that is valued at about $600 million. Scotiabank is in the early stages of exploring strategic options for Scotiabank of Puerto Rico, Inc. that could include selling it to a private-equity firm or other lender in the region, said the people, who asked not to be identified because the matter is private. Scotiabank has just begun deliberating its future in Puerto Rico and could still decide to keep the unit, they said. The island’s volatile economy could make finding a buyer for the franchise difficult, the people said.

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