Scotiabank's Acquisition in Latin America

Nuevo Banco Comercial and Pronto

Having the largest retail banking network in Uruguay, with significant market shares in loans and deposits

Personal loans and having a broad branch network across Uruguay

<p>The economic incentives and foreign investment freedom favor wholly owned subsidiaries due to factors such as 0% import taxes, self-regulation of investments and profits without tariffication, government encouragement of foreign investment, national interest declaration, non-discrimination between domestic and foreign investors, absence of prior authorization or registration requirements for foreign investors, fair treatment commitment by the government, and the guarantee of free transfer of capital and profits abroad without restrictions towards imports or capital repatriation.</p> Signup and view all the answers