Bank of Nova Scotia (Scotiabank) is one of the leading financial institutions of North America and the most international bank of Canada. Established in 1832, Scotiabank has enjoyed continued success by building on traditional core strengths: risk management, cost control, diversification, customer satisfaction, and great employees.The mission of Scotiabank is to be the best Canadian-based international financial services company. Corporate social responsibility matters to the bank, as it wants to make a difference to customers, employees, the environment, and the communities they serve.
The businesses of Scotiabank are:
- Domestic Banking (including Wealth Management)
- International Banking
- Scotia Capital
Key Statistics
- Bank of Nova Scotia holds assets of $265.48 billion.
- Bank of Nova Scotia made profits of $2.72 billion in 2006.
- Scotiabank Group operates through branches and offices in some 50 countries.
- Scotiabank has 51,000 employees.
Organization
Corporate Governance of Scotiabank consists of:
- Board of Directors
- Executive Management
Organizational Growth Performance
The banking practices of the Nova Scotia Bank in the domestic market as well as in the international market have grown over the years. Domestic banking has remained focused on key customers, attracting the new customer groups and developing and pursuing acquisitions. The bank has also succeeded in generating strong results outside Canada through organic growth and acquisitions.
Net income of business lines available to common shareholders (in millions of dollars) both in the domestic market and international market is as follows:
International Ranking
- Bank of Nova Scotia ranks 446th in the Fortune Global 500 list.
- Scotiabank is ranked 134th by Forbes Magazine.
Subsidiaries
- The Wealth Management Group
- Scotia Capital Inc.
- International banking has subsidiaries and affiliates in the Caribbean and Asia, 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
Headquarter Address
44 King Street WestToronto, Ontario M5H 1H1
Canada
Phone: 416-866-6161
