February 24, 2017 8:21 PM 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 deposits, loans, trade financing, insurance, asset management, and other financial services. Scotiabank Trinidad and Tobago Limited was founded in 1906 and is based in Port of Spain, the Republic of Trinidad and Tobago. Scotiabank Trinidad and Tobago Limited is a subsidiary of The Bank of Nova Scotia.

56-58 Richmond Street

Port of Spain,  

Trinidad & Tobago

Founded in 1906

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 Announces Quarterly and Special Dividend, Payable on January 13, 2017

Scotiabank Trinidad and Tobago Limited announced a quarterly dividend of 80 cents per share against 70 cents per share paid a year ago. Furthermore, the company have also approved payment of a special dividend of 100 cents per share. These dividends will be payable on 13 January 2017 to shareholders on record as at 16 December 2016.

Scotiabank Trinidad and Tobago Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended October 31, 2016

Scotiabank Trinidad and Tobago Ltd. reported unaudited consolidated earnings results for the fourth quarter and year ended October 31, 2016. For the quarter, total revenue was $412,712,000 against $391,936,000 last year. Income before taxation and loan losses was $232,986,000 against $216,589,000 last year. Income before taxation was $209,979,000 against $207,790,000 last year. Income after taxation was $158,397,000 against $149,375,000 last year. Earnings per share were 89.8 cents against 84.7 cents last year. For the full year, total revenue was $1,608,260,000 against $1,471,923,000 last year. Income before taxation and loan losses was $916,802,000 against $815,850,000 last year. Income before taxation was $840,022,000 against $777,292,000 last year. Income after taxation was $625,225,000 against $566,137,000 last year. Earnings per share were 354.5 cents against 321 cents last year. Net cash from operating activities was $1,252,398,000 against $1,492,370,000 last year. Purchase of property, plant and equipment was $24,638,000 against $28,971,000 last year. The increase in profitability over last year was mainly driven by strong growth in retail loans portfolio resulting in higher net interest income of $154 million or 16% over the prior year.

Scotiabank Trinidad and Tobago Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended July 31, 2016

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.

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