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With effect from June 5, 2024, The Bank of Nova Scotia Berhad [Registration No. 199401022356 (308035-U)] has ceased its business and operations in Malaysia and is no longer involved in any authorised business under the Financial Services Act 2013.
THE Bank of Nova Scotia Bhd (Scotiabank) has been winding down its operations and will exit Malaysia before year end, say sources, putting an end to its 49-year history in the country. The low-key bank is wholly-owned by Canada’s third-largest lender by assets, Bank of Nova Scotia.
7 Sri Mara Jln Raja Laut, Wilayah Persekutuan, Kuala Lumpur 50350, Malaysia Phone: +60 32333-0000. Email us at: info@scotiamalaysia.com
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THE Bank of Nova Scotia Bhd (Scotiabank) has sold RM40 million of its non-performing retail loans (NPLs) to an external party, sources say, in what is understood to be the first NPL transaction involving a bank in Malaysia since 2020.
1 Feb 2022 · PETALING JAYA: The Bank of Nova Scotia Bhd (Scotiabank) will cease operations in Malaysia before the end of the year. Quoting sources, The Edge Markets reported that staff of the bank had...
1 Ogo 2018 · There is strong speculation in the industry that Scotiabank will wind down its operations in Malaysia, with some bankers pointing out that it hardly seems to be doing new business. A few, however, reckon it is not likely to give up so easily and may look for another buyer once things are more settled following the recent change of government.
16 Jun 2017 · Cathay Financial seeks to acquire Scotiabank Malaysia for MYR1.1 billion (US$258.58 million) through its subsidiaries, with Cathay Life Insurance and Cathay United Bank splitting the acquisition at 49 percent and 51 percent, respectively.
7 Sri Mara Jln Raja Laut, Wilayah Persekutuan, Kuala Lumpur 50350, Malaysia Phone: +60 32333-0000. Email us at: info@scotiamalaysia.com
