Davivienda Panamá is a bank that connects Central America and Colombia, allowing us to support the growth of companies while offering people a value proposition distinguished by its service, proximity, timeliness, and excellence, stated Javier Suárez, president of Davivienda Group.
The integration of Scotiabank's operations in Panama and Banco Davivienda marks a historic event in the Panamanian financial system; clients, including individuals, corporations, investors, and small and medium-sized enterprises, will receive greater benefits and an expanded range of financial solutions.
As reported in recent days, following regulatory approvals, Davivienda Group took control of Scotiabank's operations in Costa Rica, Colombia, and Panama.
Davivienda customers will enjoy a more robust offering that includes, among other advantages: greater ATM coverage and an expanded branch network for cash withdrawals, money management, and banking transactions; a portfolio of credit cards to access a world of benefits with special discounts across a wide network of allied merchants; global financial capabilities, enhancing their international operations, among others.
The financial institution announced that all products, services, and channels, both digital and physical, continue to operate normally and securely, without customers needing to perform any additional procedures.
As part of the aforementioned transaction, Scotiabank acquired a 20% stake in Davivienda Group.
«We will work to continue enriching the lives of Panamanians and the development of their businesses, always acting with integrity and ensuring that our clients receive the best service, the best attention, and the care they deserve,» indicated Crooks.
«I enthusiastically assume this role from Davivienda Panamá. With this union, the group reaches more than 29 million customers in the region.»
At a press conference, the appointment of Joanna Crooks as executive president of Davivienda was also announced. She has over 19 years of experience in the international financial sector and experience leading complex regional operations in Central America and the Caribbean.
The International Finance Corporation (IFC) made an investment of $150 million to acquire a 7.09% stake in Davivienda Holdings International S.A., strengthening operations in Central America and the sustainable financing strategy, especially for SMEs led by women and climate projects.
Additionally, the regional structure is consolidated with an asset distribution of 70% in Colombia and 30% in Central America. Its assets exceed $60,000 million, equivalent to a growth of approximately 37%.
