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Bank of Nova Scotia to Offer Consumer Loans in Mexico Stores

Bank of Nova Scotia, Canada’s third-largest bank, plans to offer small loans and credit cards to consumers in Mexico with little or no banking history to increase its share of business in the country.

Scotiabank, which operates in about 50 nations, has consumer-finance operations in Peru, Chile, Guatemala and the Dominican Republic, said Wendy Hannam, executive vice president, sales and service, products and marketing for the lender’s international-banking unit.