Wednesday, April 30, 2008

¿Bienvenidos al Bank of Nova Scotia?

A major Canadian bank is taking advantage of Panama's "booming" economy. Scotiabank is the only Canadian bank operating in Panama and has increased their branch total to five within the last three years.

With good reason: Panama's economy is enjoying the highest economic growth per year, with an average of 8 per cent over the last three years. Canada's current economic growth rate, by comparison, about is 3 per cent.

But Canadian Scotiabank clients beware. Though you may be a loyal client, you'll still have to pay international withdrawal rates when using Scotiabank Panama's bank machines.

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