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Scotiabank has been part of the Caribbean and Central America region since 1889 when we opened our first office in Kingston, Jamaica to support the trade of rum sugar and fish. This was the first time a Canadian bank had opened a branch outside the U.K. or the U.S. We had a branch in Kingston before we opened a branch in Toronto, Canada, where the Bank's executive offices are now located.
117 years later, Scotiabank is the leading bank in the Caribbean and Central America, with operations in 25 countries, including affiliates (2006 Q1 ISP). We are the only Canadian bank with operations in four of the seven Central American countries, namely Costa Rica, Belize, Panama and El Salvador.
Scotiabank employs 10,227 people (2006 Q1 ISP) in the region who serve more than two million customers. 99 per cent of employees are hired locally. The Bank has 371 branches (2006 Q1 ISP) and operates about 782 ABMs (2006 Q1 ISP) throughout the region.
While Scotiabank does not separate financial results between different countries in the Caribbean and Central America, strong retail and commercial asset growth continue in the region. Scotiabank prides itself on leveraging the best Canadian sales and service practices to retain and attract high-value customers abroad. The Bank's core purpose is to be the best at helping customers become financially better off by providing relevant solutions to meet their unique needs.
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