In 2011, Scotiabank expanded its operations in Uruguay by acquiring Nuevo Banco Comercial S.A. (NBC), Uruguay's fourth largest private bank in terms of loans and deposits. Also in the same year Scotiabank acquired Pronto!, Uruguay's third-largest consumer finance company. These two investments together provide Scotiabank with a strong foothold in the Uruguayan market.
One of the most important Banks in SME segment and Credit Cards, NBC provides a full offer of commercial and corporate services, as well as personal banking. In addition it has a presence in the south of Brazil through a three-branch subsidiary named NBCBB.
Pronto! has more than 200,000 clients and is the market leader in personal loans, with more than 500 employees, 600 retail points of sale and 38 branches.
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Scotiabank Uruguay, S.A. , International and Financial Institutions