Scotiabank

Canadian bank based in Toronto

The Bank of Nova Scotia, or Scotiabank, is a Canadian multinational banking and financial services company. One of Canada's Big Five banks, it is the third largest Canadian bank by deposits and market capitalization. It serves more than 25 million customers around the world and offers a range of products and services including personal and commercial banking, wealth management, corporate and investment banking. With more than 88,000 employees and assets of $998 billion (as of October 31, 2018), Scotiabank trades on the Toronto and New York Exchanges.

The Bank of Nova Scotia
Scotiabank
Public
Traded astsx:BNS
nyse:BNS
S&P/TSX 60 component
IndustryBanking, Financial services
Founded30 March 1832; 188 years ago (1832-03-30)
Halifax, Nova Scotia
HeadquartersToronto, Ontario, Canada[1]
Key people
Brian J. Porter (President and CEO)
Raj Viswanathan (CFO)
RevenueIncrease C$32.8 billion (2019)[2]
Increase C$8.8 billion (2019)[2]
AUMIncrease C$302 billion (2019)[2]
Total assetsIncrease C$1,086 billion (2019)[2]
Total equityIncrease C$70.1 billion (2019)[2]
Number of employees
101,813 (2019)[2]
SubsidiariesTangerine Bank
Websitewww.scotiabank.com

Founded in 1832 in Halifax, Nova Scotia, Scotiabank moved its executive offices to Toronto, Ontario in 1900.[3] Scotiabank has billed itself as "Canada's most international bank" due to its acquisitions primarily in Latin America and the Caribbean, and also in Europe and parts of Asia. Scotiabank is a member of the London Bullion Market Association and one of fifteen accredited institutions which participate in the London gold fixing.[4] From 1997 to 2019, this was conducted through its precious metals division ScotiaMocatta.[5]

ReferencesEdit

  1. "Mail Us". Scotiabank. Retrieved December 4, 2010.
  2. 2.0 2.1 2.2 2.3 2.4 2.5 "2019 Annual Report" (PDF).
  3. "The Scotiabank Story". Scotiabank. 2010. Retrieved 2013-10-13.
  4. "The London Gold Fix". Bullionvault Ltd. 2016. Retrieved 2016-02-15.
  5. "Scotiabank Drops 348-Year-Old Mocatta Name in Metals Unit Revamp". Bloomberg. 2019. Retrieved 2019-09-19.