The Bank of Nova Scotia plans to sell its banking operations in nine Caribbean countries and its insurance operations in two other regional markets – and its chief executive expects more international divestment in the pipeline. Scotiabank said Tuesday it has signed an agreement to sell its banking operations in nine “non-core” markets – including Grenada, St. Maarten and St. Lucia – to Republic Financial Holdings Ltd. for an undisclosed amount. The bank also said its subsidiaries in Jamaica and Trinidad and Tobago will sell their insurance operations to and partner with Sagicor Financial Corp. Ltd. to provide products and services in the two countries, for an undisclosed amount — Canadian Press.
