August 29, 2016 9:01 AM ET

Banks

Company Overview of Scotiabank Trinidad and Tobago Limited

Company Overview

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

Phone:

868-625-3566

Fax:

868-627-5278

Key Executives for Scotiabank Trinidad and Tobago Limited

Scotiabank Trinidad and Tobago Limited does not have any Key Executives recorded.

Scotiabank Trinidad and Tobago Limited Key Developments

Scotiabank Trinidad and Tobago Limited expected to report Q3 2016 results on August 29, 2016. This event was calculated by Capital IQ (Created on July 11, 2016).

Scotiabank Trinidad and Tobago Limited expected to report Q3 2016 results on August 29, 2016. This event was calculated by Capital IQ (Created on July 11, 2016).

Scotiabank Trinidad and Tobago Limited Appoints Derek Hudson and Tracy Bryan to its Board of Directors

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.

Scotiabank Trinidad and Tobago Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended 30 April 2016

Scotiabank Trinidad and Tobago Limited reported unaudited consolidated earnings results for the six months ended 30 April 2016. For the six months, the company reported income after taxation of $308 million against $260 million a year ago. Earnings per share was 174.5 cents against 147.2 cents a year ago. Return on equity was 16.75% against 14.73% a year ago. Return on assets was 2.78% against 2.49% a year ago. Total revenue, comprising of net interest income and other income was $787 million, an increase of $85 million or 12% when compared to the same period last year of $702.230 million Net interest income was $543 million, $83 million or 18% higher when compared to the six months ended 30 April 2015 net interest income of $460.079 million. This was driven by strong growth in loan volumes of 9%, 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. Income before taxation and loan loss was $445.977 million against $373.739 million a year ago. Income before taxation was $415.798 million against $348.507 million a year ago. Net cash used in operating activities was $158.154 million against net cash from operating activities of $419.610 million a year ago. Purchase of property, plant and equipment was $7.633 million against $11.648 million a year ago. For the quarter, the company reported net interest income of $275.734 million against $229.077 million a year ago. Total revenue was $393.807 million against $346.630 million a year ago. Income before taxation and loan loss was $224.145 million against $181.219 million a year ago. Income before taxation was $201.552 million against $172.008 million a year ago. Income after taxation was $150.627 million against $124.906 million a year ago. Earnings per share was 85.4 cents against 70.8 cents a year ago.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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