trending Market Intelligence /marketintelligence/en/news-insights/trending/9nxYPU2BtZGVrq5mzL33ag2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Scotiabank Chile approves 250B pesos capital hike

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

Street Talk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

The Evolution of ESG Factors in Credit Risk Assessment: Environmental Issues


Scotiabank Chile approves 250B pesos capital hike

Scotiabank Chile on Jan. 6 approved a capital hike worth 250 billion Chilean pesos for the issuance of new shares, the company said in a filing.

Shareholders approved the issuance of 735,294,118 new payment shares at 340 pesos per unit. The company said they should be fully subscribed and settled within three years.

The institution said it expects to begin selling its new shares as soon as the regulator approves the operation. It did not specify how it would apply those funds to its business model.

As of Jan. 3, US$1 was equivalent to 756.35 Chilean pesos.