BNS and RBC could enter Cuba

The Bank of Nova Scotia and RBC Royal Bank, are considering entry to the Cuban market.

Scotiabank is reported to have already applied to set up a representative office in Havana.

 Scotiabank, which has extensive operations across South America and the Caribbean, and RBC, Canada’’s largest bank, both had branches in the country before the 1959 Cuban Revolution.

 If RBC and Scotia return to Cuba, they would join Montreal-based National, Canada's sixth-largest bank, on the island.