February 15, 2021 |
Scotiabank Colpatria, the Colombian branch of Canada's Scotiabank, and Codensa, the local subsidiary of Italian energy company Enel, said Friday that they received regulatory approval to form a new financial services firm in Colombia.
Scotiabank will 51% of Crédito Fácil Codensa, as the new company is called, and Enel will have 49%. The two companies put in COP32 billion ($9.15 million) into the new company as starting capital.
Scotiabank and Enel have offered consumer loans that are collected t
Canadian bank and Italian energy company team up to offer banking services to lower- and middle-income clients