Bank of Nova Scotia |
Bank of Nova Scotia (Banque de la Nouvelle-Écosse, Scotiabank) was established in 1832 and is headquartered in Toronto, Canada. It serves more than 19.5 million customers worldwide and is Canada's most international bank with over 3,000 branches and 6,000 ATMs in 55 countries. The Bank employs over 77,000 people around the world including Europe, Asia, Latin America and the Caribbean. Scotiabank is a member of the Global ATM Alliance, a joint venture of several major international banks that allows customers to use their ATM card or debit card at another bank within the Global ATM Alliance with no International ATM access fees. Other participating banks are Barclays, Bank of America, BNP Paribas, Deutsche Bank, and Westpac. As of January 31, 2013, Bank of Nova Scotia had total assets of C$736.361 billion, customer deposits of C$168.251 billion, personal loans of C$69.803 billion, business and government loans of C$115.258 billion and residential mortgages of C$206.646 billion. Scotiabank has four main business units: Canadian Banking provides banking and investing services to about 8 million individual, small business and commercial customers through a network of about 1,000 branches and over 3,485 ATMs nationwide. Global Banking and Markets is the wholesale banking arm of the Scotiabank Group. It offers products and services to corporate, government and institutional investor clients worldwide. International Banking includes Scotiabank's retail and commercial banking operations in more than 50 countries. It provides financial services to over 6 million clients through a network of over 2,700 branches. It operates in the Caribbean and Central America, Mexico, Latin America and Asia. Global Wealth Management, the new business line, provides services to affluent and high net-worth clients. Financials, C$ billion (for the years ended October 31)
Credit ratings (May 2013)
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