Davibank (Costa Rica), S.A. (Costa Rica)

Davibank (Costa Rica), S.A. is a Costa Rican financial institution formed through the full integration of Scotiabank’s operations in Costa Rica into Davivienda Group, launching officially on December 3, 2025, after receiving all regulatory approvals from SUGEF. Previously known as Scotiabank de Costa Rica S.A., the bank now operates under the Davivienda Group structure but maintains a transitional licensing agreement allowing limited continued use of the Scotiabank brand during the migration period. Davibank offers retail, commercial, corporate, SME, investment fund, leasing, insurance, and private banking services, combining Scotiabank’s legacy presence of more than 30 years in Costa Rica with Davivienda’s multilatina financial expertise. The bank is part of Davivienda Group, whose majority shareholder is Grupo Bolívar of Colombia, while Scotiabank retains an approximate 20% ownership stake, including a seat on the parent company’s board. Executive leadership is headed by Rodolfo Herrera Henríquez, appointed as Executive President at launch, bringing over 25 years of international financial sector experience to guide the new entity’s strategic direction and customer‑centric transformation.