Scotiabank
Bank Information
| Bank Name |
Scotiabank |
| Bank Short Name |
SCO |
| Bank Type |
Member Bank |
| Operating Country |
Canada |
| Number of Domestic Branches |
960+ |
| Number of non-domestic Branches |
910+ |
| Euro |
N/A |
Registered Address
Scotiabank Executive Offices, Scotia Plaza
44 King Street West
Toronto
Ontario
M5H 1H1
Description
Scotiabank is one of North America's leading financial institutions, and Canada's most international bank.
We provide innovative financial products and services to individuals, small and medium-size businesses, corporations and governments across Canada and around the world.
Contact Information
Scotiabank WEB Site www.scotiabank.com
Profile
Through branches and offices in some 50 countries, the 48,000 employees of the Scotiabank Group and its affiliates deliver unparalleled service.
Since welcoming our first customers in 1832, Scotiabank has enjoyed continued success by building on traditional core strengths - risk management, cost control, diversification, customer satisfaction and great employees. Our goal is to be the best and most successful Canadian-based international financial services group.
Our Core Businesses
Scotiabank has built long-term value and recorded consistent earnings growth by building on its core strengths and by executing exceptionally well in its core businesses. These include Domestic Banking (including Wealth Management), International Banking and Scotia Capital.
Domestic Banking
Domestic Banking provides a broad range of banking products and services to households and businesses across Canada. These services are offered through a national network of more than 960 branches and commercial and business banking centres, close to 2,400 ABMs, 4 call centres, plus telephone, wireless and Internet banking.
The Wealth Management Group -- which incorporates the key personal investment and advisory activities within the Scotiabank Group -- offers a comprehensive range of products and services. These encompass retail brokerage, mutual funds, and private client services (including personal trust, money management and private banking).
Scotia Capital Inc.
Scotia Capital manages the Bank's global relationships with large corporate, institutional and government clients, marketing the full capabilities of the Scotiabank Group to these clients.
Scotia Capital has recognized strengths in specialized and syndicated lending, corporate debt and equity underwriting, mergers and acquisitions, fixed income and institutional equities sales and trading, foreign exchange, derivatives and precious metals products and services.
ScotiaMocatta, the Bank's precious metals business, is a global leader in metals trading and finance.
International Banking
Providing retail, commercial, corporate and trade finance services to clients around the world through branches, agencies, representative offices, subsidiaries and affiliates.
Scotiabank is the leading provider of financial services in the Caribbean, has the broadest Asian network of any Canadian bank, and is active in the Latin American market through subsidiaries in Chile, Costa Rica, El Salvador and Mexico, and affiliates in Peru and Venezuela.
e-Commerce/e-Banking at Scotiabank
Scotiabank is committed to developing the latest technologies available in the marketplace today to offer Canadians anytime anywhere access to their financial services using the method of their choice.
Canadian consumers are aggressive users of new technologies. Scotiabank has launched a number of Canadian "firsts." Among these are Scotia Web-Wire, which allows businesses to send and receive wire payments over the Web.
It also provides companies with the ability to do LVTS (Large-Value-Transfer-System) payments; Scotiabank is the first bank in Canada to offer this service.
Market Position
2nd largest Bank in Canada.
Rating
(Long Term Debt/Deposits)
Moody's: Aa3
Standard & Poors: A+
Fitch: AA-
Dominion Bond Rating: AA (low)
Membership of Clearings
Information to follow
Euro
N/A