Bank of Nova Scotia Building, Havana explained

Bank of Nova Scotia Building
Mapframe-Zoom:15
Status:Occupied
Building Type:Bank-office
Location:Habana Vieja
Address:Calles O´Really y Cuba
Location City: Ciudad de La Habana
Est Completion:1906
Renovation Date:2014
Destruction Date:-->
Structural System:Steel frame
Floor Count:4
Unit Count:-->

Bank of Nova Scotia Building, Havana is a Neoclassical-style bank building located at the intersection of Calle O´Reilly and Calle Cuba in old Havana.

Built in 1906, the building was branch and business offices for Canadian-based Bank of Nova Scotia in the early 20th century. Additional floors were added in 1914 to the original two-floor building. It also served as a Scotiabank's branch in Havana and sold to a local bank Banco Metropolitano S.A. (founded 1996).[1]

Once one of the most important foreign banks in Cuba, Scotiabank is one of the few foreign banks allowed to retain offices in the country after 1959.[1] Today Scotiabank focusses on business banking (after approval in 2011[2]) and no longer operates banking branches (ceased in 1959 when all non-Cuban banks closed operations and transferred to Banco Nacional de Cuba) in Cuba.[3] [4]

Rival Royal Bank of Canada operated in Cuba from 1899 with 24 branches (from high of 65 in the 1920s) when it was forced to sell their operations in 1960.[5] A former branch building in Havana and is being renovated since 2012 after sitting vacant[6]

See also

Notes and References

  1. Web site: Bank of Nova Scotia - Havana Guide. cuba-explore.com.
  2. Web site: Canadian banks eye Cuba - The Star. thestar.com.
  3. Web site: Cuba. www.scotiabank.com.
  4. Web site: Nova Scotia Bank Building. https://web.archive.org/web/20160814085305/http://www.oldhavanaweb.com/buildings/nova_scotia_bank_building.html. 2016-08-14. Old Havana Web. 2016-06-30. dead.
  5. Web site: Postal History Corner: 1939 The Royal Bank of Canada and Rocket Mail. Philcovex. 4 March 2013.
  6. Web site: - Cuba-European Union RelationsThe Cuban Economy – La Economía Cubana.