Scotiabank has completed its acquisition of Citigroup 's retail and commercial banking operations in Panama and Costa Rica for approximately $ 360 m , to compliment its existing operations in the areas . This move triples Scotiabank 's customer base in Panama and Cost Rica to 387,000 , and both banks will reportedly work together to ensure smooth transition for customers and staff during the integration process , which is expected to take 24 - 36 hours .
Scotiabank has completed its acquisition of Citigroup's retail and commercial banking operations in Panama and Costa Rica for approximately $360m, to compliment its existing operations in the areas. This move triples Scotiabank's customer base in Panama and Cost Rica to 387,000, and both banks will reportedly work together to ensure smooth transition for customers and employees during the integration process, which is expected to take 24-36 months.