Scotiabank Mexico Q2 Net Profit Rises 66% to Mxn1.50B

Dow Jones, 27 July 2006Mexico's Grupo Scotiabank SA said Thursday that its second-quarter net profit rose by two-thirds on the year, on the back of credit growth and a one-time tax gain.The local unit of Canada's Bank of Nova Scotia reported a profit of 1.50 billion pesos ($138 million), up from MXN905 million in the same period last year, the bank said in a release.Scotiabank reported an