Scotiabank is the first Canadian bank to be recognized as Global Bank of the
Year and Bank of the Year in the Americas by The Banker magazine
TORONTO, Nov. 29, 2012 /CNW/ - Scotiabank today received recognition as Global
Bank of the Year from The Banker magazine, a Financial Times publication. The
Bank was also recognized in seven other categories, including Bank of the Year
for the Americas. This is the first time a Canadian bank has been recognized
in either category.
Financial institutions are judged by The Banker on their ability to deliver
shareholder returns and gain strategic advantage.
"We are honoured to be the first Canadian bank to be recognized as Global Bank
of the Year," said Rick Waugh, CEO of Scotiabank. "At Scotiabank we pride
ourselves on our ability to earn a strong return on capital while staying true
to the risk management culture that has been a driving force of our success
for more than 180 years.
"Scotiabank has a strong track record of delivering superior results and at
the heart of that success is our culture, which is rooted in our values and
good business judgement," added Mr. Waugh.
Scotiabank was also recognized by the magazine as Bank of the Year in Canada,
Antigua, Barbados, Belize, Turks and Caicos and the British Virgin Islands.
The Banker's Bank of the Year Award is in its 12(th) year. The magazine is the
world's longest running international banking magazine, recognized as a
leading source of information on finance and investment around the globe. The
magazine is a key source of data and analysis for the banking industry and is
read in more than 180 countries.
Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With more than 81,000 employees, Scotiabank
and its affiliates serve some 19 million customers in more than 55 countries
around the world. Scotiabank offers a broad range of products and services
including personal, commercial, corporate and investment banking. With assets
of $670 billion (as at July 31, 2012), Scotiabank trades on the Toronto (BNS)
and New York Exchanges (BNS). For more information please visit
For media enquiries: Paula Cufre, Scotiabank Media Communications,
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NI: FIN ENT
-0- Nov/29/2012 11:30 GMT
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