Scotiabank
Bank Information
| Bank Name |
Scotiabank |
| Bank Short Name |
SCO |
| Bank Type |
Member Bank |
| Operating Country |
Canada |
| Number of Domestic Branches |
1000+ |
| Number of non-domestic Branches |
1600+ |
| 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
Visit the Scotiabank WEB Site:
www.scotiabank.com
Profile
Through branches and offices in some 50 countries, the Scotiabank Group and its affiliates serve approximately 14.6 million customers through its team of close to 68,000 employees.
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 a leading Canadian-based international financial services company.
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 Canadian Banking, International Banking and Scotia Capital.
Canadian Banking
Canadian Banking provides a broad range of financial advice and solutions to retail, small business, commercial, insurance and wealth management customers through a multi-channel delivery network across the country that includes 1,019 branches, 2,964 ABMS and 101 Wealth Management offices.
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 mutual funds, direct investing, and private client wealth advice and services, including personal trust, money management and private banking. Scotia Capital
Scotia Capital is the wholesale banking arm of the Scotiabank Group, managing the Bank's global relationships with large corporate, institutional and government clients, and 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, research, foreign exchange, derivatives and precious metals products and services.
ScotiaMocatta, part of Scotia Capital and a division of The Bank of Nova Scotia, is a global leader in precious metals trading and finance, with roots dating back to 1671.
For more information, visit www.scotiacapital.com
International Banking
International Banking provides an array of financial services to Scotiabank’s retail and commercial banking customers in more than 40 countries across the Caribbean and Central America, Mexico, Latin America and Asia.
Scotiabank is the largest bank in the Caribbean and Central American region and has an unique Latin American footprint that includes Mexico, Belize, El Salvador, Panama, Costa Rica, Dominican Republic, Peru, Venezuela, Brazil and Chile. It also operates in 12 countries and territories in the Asia-Pacific region.
Market Position
Ranked third by market capitalization in Canada.
* Based on the Dow Jones Global Bank Titans 30 Index, April 22, 2010
Rating
(Long Term Debt/Deposits)
| Moody's |
Aa1 |
| Standard & Poors |
AA- |
| Fitch |
AA- |
| Dominion Bond Rating Service Ltd |
AA |
(Short Term Deposits/Commercial Paper)
| Moody's |
P-1 |
| Standard & Poors |
A-1+ |
| Fitch |
F1+ |
| Dominion Bond Rating Service Ltd |
R-1 (High) |
* As of April 22, 2010
Membership of Clearings
Some of our key memberships include:
US
ACH
Fedwire
CHIPS
DTC
FRB - Cheque Clearing
Canada
ACSS
LVTS
Euro
N/A