Caribbean Investment Holdings Limited acquires Scotiabank’s operations in Belize

On April 1, 2021, Caribbean Investment Holdings Limited ("CIHL") announced that its wholly owned subsidiary, Belize Bank International Limited, completed the purchase of Scotiabank (Belize) Ltd. ("SBL") from Scotiabank Caribbean Holdings Ltd., a subsidiary of The Bank of Nova Scotia ("BNS").

The transaction, announced June 22, 2020, received approval from Central Bank of Belize on November 27, 2020, a key condition of the acquisition’s closing.

Further information can be found on CIHL's website.

CIHL is a parent holding company with no independent business operations or assets other than its investments in its subsidiaries, intercompany balances and holdings of cash and cash equivalents. CIHL's businesses are conducted through its subsidiaries.

Scotiabank is a leading bank in the Americas offering a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.