Owned by the Bank of Nova Scotia, with full involvement in the management and operations of the bank Healthy asset-quality indicators Solid capital base Operating in the low-risk Chilean environment Challenged to resume growth in key segments in the competitive Chilean financial market Though improving, weaker profitability than that of peers Standard&Poor's Ratings Services' ratings on Scotiabank Sudamericano (SSA) consider the ownership of The Bank of Nova Scotia and its full involvement in the management and operations of this institution since 1999. The ratings also reflect healthy asset quality indicators and a solid capital base. These strengths are counterbalanced by its still-low market share and the challenge of growing in key segments and improving profitability in the competitive
