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Scotiabank builds on Latin American presence with equities brokerage in Colombia

The Scotiabank tower is pictured in downtown Toronto on June 16, 2010. THE CANADIAN PRESS/Adrien Veczan

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The Scotiabank tower is pictured in downtown Toronto on June 16, 2010. THE CANADIAN PRESS/Adrien Veczan

TORONTO - Scotiabank (TSX:BNS) is building on its presence in Latin America with a new trading and equities brokerage in Colombia.

The bank says the opening is part of placing a priority on key countries in the region, which also include Peru, Mexico and Chile.

Head of global equities, Pruyn Haskins, says the bank believes the four nations have attractive economic fundamentals and growth prospects.

He says together the four countries have 208 million people and represent about 40 per cent of gross domestic product and 50 per cent of trade in the region.

Scotiabank calls itself Canada's most international bank with a presence in more than 55 countries.

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