Viswanathan also said that Citigroup’s deposits in Mexico are “very attractive.” He added that Scotiabank has many opportunities to deploy capital organically and would be interested in continuing to grow that way.
Instead, Viswanathan explained that he will avoid commenting on opportunities or acquisitions that are not public or where the sale process has not yet started.
Regarding Scotia’s potential interest in Citigroup’s operations in Mexico, he warned that in no case would he give a direct answer as to whether it can be carried out or not, “because both things would be wrong, or I could be proven wrong in the future. ”.
Citigroup has said the sale process will begin in mid-March, Viswanathan recalled.
Citigroup has announced plans to exit its retail banking operations in Mexico, while Scotiabank has been mentioned as a potential buyer for the business.
