Scotiabank to invest 3.6 bln pesos in Mexico over next 5 years

Tue Oct 28, 2014 8:06pm EDT
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MEXICO CITY Oct 28 (Reuters) - Scotiabank, Mexico's seventh largest bank by assets, said on Tuesday it would invest 3.6 billion pesos ($268.00 million) in Mexico over the next five years to improve operations and expand its distribution network.

In a statement to Mexico's bourse, the bank, a unit of Canada's No. 3 lender, said it would also boost its energy project lending to projects worth up to $10 billion over the next five years.

(1 US dollar = 13.4327 Mexican peso) (Reporting by Tomas Sarmiento and Alexandra Alper)