Scotiabank Trinidad and Tobago Limited, together with its subsidiaries, offers a range of banking and financial services to businesses and individuals. It operates through Retail, Corporate and Commercial; and Other segments. The company provides various accounts, such as savings, foreign currency business, signature savings, business, term deposits, and checking accounts. It also offers various loan products comprising personal loans, car loans, student loans, mortgages, and term loans; various financing solutions consisting of working capital, term financing, risk management, structured finance, and investment banking; and credit cards. In addition, the company provides cash management pro...
56-58 Richmond Street
Port of Spain,
Trinidad & Tobago
Founded in 1906
Scotiabank Trinidad and Tobago Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended July 31, 2016
Sep 12 16
Scotiabank Trinidad and Tobago Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended July 31, 2016. For the quarter, total revenue was $408,514,000 against $377,758,000 last year. Income before taxation and loan losses was $237,838,000 against $225,523,000 last year. Income before taxation was $214,244,000 against $220,996,000 last year. Income after taxation was $159,136,000 against $157,211,000 last year. Earnings per share were 90.2 cents against 89.2 cents last year. The increase in income is attributable to higher net interest income which increased by $128 million (18%) over last year mainly due to strong retail loan growth.
For the nine months, total revenue was $1,195,547,000 against $1,079,988,000 last year. Income before taxation and loan losses was $683,815,000 against $599,262,000 last year. Income before taxation was $630,042,000 against $569,503,000 last year. Income after taxation was $466,827,000 against $416,763,000 last year. Earnings per share were 264.7 cents against 236.3 cents last year. Net cash from operating activities was $1,512,780,000 against $636,631,000 last year. Purchase of property, plant and equipment was $8,419,000 against $12,389,000 last year. Return on equity was 16.63% against 15.51% last year. Return on assets was 2.74% against 2.62% last year. The increase in net interest income was driven by growth in loan volumes of 3%, complemented by lower interest costs this year due to the early repayment of a $618 million medium term bond during the second quarter of last year.
Scotiabank Trinidad and Tobago Limited Declares Interim Dividend, Payable on October 20, 2016
Sep 12 16
Scotiabank Trinidad and Tobago Limited declares interim dividend of $0.40 per share, payable on October 20, 2016 with a record date of September 21, 2016 and ex-dividend date of September 19, 2016.
Scotiabank Trinidad and Tobago Limited Appoints Derek Hudson and Tracy Bryan to its Board of Directors
Jun 13 16
Scotiabank Trinidad and Tobago Limited has appointed Mr. Derek Hudson and Ms. Tracy Bryan to its Board of Directors, effective June 7, 2016. Mr. Hudson served as Shell's Vice President, Tanzania before his appointment to the position of Vice President, Trinidad and Tobago. Ms. Bryan possesses a wealth of experience in customer experience and satisfaction, multi-channel distribution and change management, having held progressively senior roles at Scotiabank since 1994.