Scotiabank is Canada’s international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. We are dedicated to helping our 23 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 88,000 employees and assets of $896 billion (as at October 31, 2016), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS).
Scotiabank’s continued growth and success is founded on several key factors:
Our strategy of diversification underpins our potential for sustainable earnings’ growth in each of our business lines: Canadian Banking, International Banking and Global Banking and Markets, over the long term.
Canadian Banking provides a full suite of financial advice and banking solutions, supported by an excellent customer experience, to over 10 million Retail, Small Business, Commercial Banking, and Wealth Management customers. It serves these customers through its network of 980 branches and more than 3,500 automated banking machines (ABMs), as well as internet, mobile and telephone banking and specialized sales teams. Canadian Banking also provides an alternative self-directed banking solution to over two million Tangerine Bank customers. Canadian Banking is comprised of the following areas:
International Banking (IB) provides a full range of financial products, solutions and advice to retail and commercial customers in select regions outside of Canada.
International Banking has a well-established, diversified franchise that serves more than 14 million Retail, Corporate, and Commercial customers across our footprint. These customers are supported by over 50,000 employees, 1,800+ branches, and a network of contact and business support centres. IB is focused on Latin America, including the Pacific Alliance countries of Mexico, Peru, Chile and Colombia, and the Caribbean and Central America.
Global Banking and Markets (GBM) provides corporate, government and institutional investor clients with corporate banking, investment banking, capital markets and transaction banking solutions. GBM is a full-service wholesale bank and investment dealer in Canada and Mexico, and offers a range of products and services in the U.S., Latin America (excluding Mexico), and in select markets in Europe, Asia and Australia.
More specifically, GBM provides clients with: corporate lending; transaction banking (including trade finance and cash management); investment banking (including corporate finance and mergers & acquisitions); fixed income and equity underwriting, sales, trading and research; prime services (prime brokerage and stock lending); foreign exchange sales and trading; commodity derivatives; precious and base metals sales, trading, financing and physical services; and collateral management.
We believe every customer has the right to become better off. Through our CSR commitments to Customers, Employees, Communities, the Environment, and strong Governance practices, we aim to create value for both society and Scotiabank. Through our resources, reach and expertise, Scotiabank is focused on driving economic growth for our customers, employees, and the communities where we operate, to build a better future.
Our community giving is an important component of our CSR efforts. In 2016, the Bank contributed in excess of $70 million in donations, sponsorships and other forms of assistance to communities around the world.