|Scotiabank HQ in Toronto|
Bank of Nova Scotia (French: Banque de la Nouvelle-Ecosse), also known as Scotiabank, is Canada’s third largest lender by deposits, assets and market capitalization. It offers a full range of banking products and services including personal and commercial banking, corporate banking, investment banking and wealth management. Scotiabank is Canada's most international bank with 89,300 employees, 21 million customers, 3,161 branches and offices and 8,260 ATMs in 55 countries in Europe, Asia, North and Latin America and the Caribbean. It 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 with no International ATM access fees. Other participating banks are Barclays, Bank of America, BNP Paribas, Deutsche Bank, and Westpac. In 2012, Scotiabank acquired ING Bank of Canada (known as ING Direct Canada), the country’s largest online bank, for $3.1 billion. In July 2015, Scotiabank agreed to buy Citigroup's retail and commercial banking operations in Panama and Costa Rica. Citibank's operations in Costa Rica and Panama include 27 branches with more than 250,000 customers. The Bank will increase the market share of credit cards to 18% in Panama and 15% in Costa Rica. As of January 31, 2016, Bank of Nova Scotia had total assets of C$919.6 billion, total deposits of C$631 billion, and loans of C$477 billion including residential mortgages of C$219 billion, business and government loans of C$166.5 billion and personal and credit cards loans of C$95.4 billion. The company was established in 1832 and is headquartered in Toronto, Canada.
Bank of Nova Scotia business units:
Canadian Banking provides banking and investing services to over 8 million individual, small business, commercial and wealth management customers through a network of over 1,030 branches and over 3,800 ATMs nationwide. It also offers alternative self-directed banking services to approximately 2 million Tangerine Bank customers.
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 14 million clients through a network of 1,877 branches and 4,581 ATMs (July 2015). 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.
Bank of Nova Scotia Awards
World’s Best Banks: Barbados, Jamaica, Trinidad & Tobago, Turks & Caicos, US Virgin Islands (2013, 2014, 2015)
World’s Best Foreign Exchange Provider in Canada, Peru and Jamaica (2014)
Safest Banks in North America, 2015
Best Emerging Market Bank in Latin America. Jamaica, Barbados, Trinidad & Tobago, Turks and Caicos, U.S. Virgin Islands (2014)
Bank of the Year in Canada, British Virgin Islands, Jamaica, Guyana and Trinidad & Tobago, 2013
Top Latin American Bank in Mexico, Peru, Chile, Costa Rica, El Salvador, and Brazil, 2013
Trade Finance Magazine
Best Trade Bank in Canada, 2015
Deal of the Year 2014, Americas (Trafigura Peru)
Deal of the Year 2014 (Mercuria)
Best Overall Trade Bank in Central America & the Caribbean, 2013
|May 2016||Moody's Investors||Standard & Poor's||Fitch Ratings|
|Long Term Debt/Deposits||Aa3||A+||AA-|
|Short Term Deposits/Commercial Paper||P-1||A-1||F1+|
44 King St. West
Toronto, Ontario M5H 1H1, Canada
Phone number: +1-416-866-6161