(Corrects currency to Canadian dollars from U.S. dollars in
paragraph 2)
Oct 15 (Reuters) - Bank of Nova Scotia BNS.TO said it will
buy a MasterCard Inc MA.N and private label credit card
portfolio and related operations from JPMorgan (N:JPM) & Chase Co
JPM.N .
The portfolio, which is associated with Sears Canada Inc
SCC.TO , includes about C$1.7 billion ($1.32 billion) in
receivables and 2 million active customer accounts.
The Canadian lender said the terms of the deal will not be
financially material to Scotiabank or JPMorgan.
The deal, which will add to Scotiabank's earnings in the
first year, will impact the company's common equity tier-one
capital ratio by less than 10 basis points, the company said.
($1 = 1.2857 Canadian dollars)