The Bank of commerce ##bank is considering strategic options for its 49 % stake , valued at $ 500 , in Thanachart Bank ( TBank ) in Thailand . Scotiabank may undergo a formal sale process early next year . However , it has not yet finalized the decision on the sale . Meanwhile , Scotiabank is focused on expanding its presence in the Latin American market .
The Bank of Nova Scotia is considering strategic options for its 49% stake, valued at $1.7bn, in Thanachart Bank (TBank) in Thailand. Scotiabank may begin a formal sale process early next year. However, it has not yet finalized the decision on the sale. Meanwhile, Scotiabank is focusing on expanding its business in the Latin American market.