Scotiabank’s Acquisition of Banco Dominicano del Progreso, S.A.

Torys, Pereyra & Asociados and OMG advised on the deal

Scotiabank has executed the acquisition of Banco Dominicano del Progreso, a bank with operations in the Dominican Republic.

The acquisition will make Scotiabank the Dominican Republic’s fourth-largest loan provider and fourth-largest full-service bank as measured by assets.

The Bank of Nova Scotia provides retail, commercial, international, corporate, investment and private banking services and products. The bank, led by Brian J Porter, Rajagopal Viswanathan and Barbara F Mason, in 2017 recorded CAD$ 36 Billion Revenues.

Torys LLP advised The Bank of Nova Scotia (Scotiabank) with (Ricco) A.S. Bhasin, Richard Johnson, Kevin Wall and Justin Crawford.

Pereyra & Asociados advised The Bank of Nova Scotia (Scotiabank) with Luis Miguel Pereyra, Emma Mejía Batlle, Aseret Roque and Julissa Vásquez.

OMG advised Banco Dominicano del Progreso, S.A. with Leonel Melo Guerrero, Esperanza Cabral, Yulianna Ramón, Johanna Soto, Michelle Abreu, Ana Taveras and Héctor De la Rosa.

Involved fees earner: Aseret Roque – Pereyra & Asociados; Luis Miguel Pereyra C. – Pereyra & Asociados; Emma Carolina Mejía Batlle – Pereyra & Asociados; Leonel Melo Guerrero – OMG; Esperanza Ivette Cabral Rubiera – OMG; Yulianna Ramón Martínez – OMG; Johanna Soto Peña – OMG; Michelle Abreu Vargas – OMG; Ana Isabel Taveras Lois – OMG; Héctor Enrique de la Rosa Sánchez – OMG; A.S. Bhasin – Torys LLP; Kevin Wall – Torys LLP; Justin Crawford – Torys LLP; Richard Johnson – Torys LLP;

Law Firms: Pereyra & Asociados; OMG; Torys LLP;

Clients: Scotiabank; Banco Dominicano del Progreso;