TORONTO, Dec. 1, 2023
/CNW/ - Scotiabank announced today that it has been named Bank of
the Year in Canada by The Banker
for the fifth consecutive year. Regarded as the industry standard
for banking excellence, The Bank of the Year awards recognize
financial institutions based on their ability to deliver returns,
gain strategic advantage, and serve their markets.
"We are proud to have been recognized for the fifth year in a
row as Canada's Bank of the Year,"
said Scott Thomson, President and
Chief Executive Officer at Scotiabank. "This award highlights
Scotiabank's commitment to supporting our clients in achieving
their financial goals and our dedication toward strengthening the
communities we serve. Thank you to our team of passionate and
dedicated Scotiabankers for providing a best-in-class client
experience, as we continue to invest in deepening our client
relationships and delivering profitable and sustainable growth for
our shareholders."
Highlights from this year's recognition include:
- Continuing to grow and expand the industry-leading Scene+
program by welcoming Empire Company Ltd as a co-owner. The addition
of Empire and their nationally recognized grocery brands to the
Scene+ program provides the opportunity for members to earn and
redeem points on nearly all daily purchases including grocery,
travel, pharmacy, banking, shopping, dining, and entertainment.
More than 4 million new members have joined the program since it
started rolling out in Empire stores in August 2022.
- The launch of ScotiaRED, a series of state-of-the-art
electronic trading tools that provide high-quality execution
available to Scotiabank Equities, Fixed Income, and Foreign
Exchange clients. This includes Scotiabank's next-gen algorithmic
trading platform with BestEx Research—created exclusively for the
Canadian equities market—which provides traders with the ability to
access innovative execution algorithms that have been developed
from the ground up and tailored for the unique structure of the
Canadian market.
- The launch of Scotia Smart Investor via Advice+, to help
Scotiabank customers take control of their investments with an
all-new platform that aligns solutions to customer goals by
blending digital recommendations and personalized advice. Scotia
Smart Investor simplifies and integrates the investment journey,
through online advice that helps customers create, plan, monitor,
and update their financial goals, and is available directly to
consumers through mobile and online, supported by expert advice
offered in-person at Scotiabank branches or virtually.
- Scotiabank's progress in environmental, social, and governance
initiatives, including its position as a leading Bank for
sustainable finance across the Americas, and its 10-year,
$500 million ScotiaRISE program to
strengthen economic resilience among disadvantaged groups.
Scotiabank was also recognized as Bank of the Year in
Bahamas, Barbados, Cayman
Islands and Turks & Caicos.
About Scotiabank
Scotiabank is a leading bank in the Americas. Guided by our
purpose: "for every future," we help our customers, their families
and their communities achieve success through a broad range of
advice, products and services, including personal and commercial
banking, wealth management and private banking, corporate and
investment banking, and capital markets. With a team of almost
90,000 employees and assets of approximately $1.4 trillion (as at October 31, 2023), Scotiabank trades on the
Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange
(NYSE: BNS). For more information, please visit
http://www.scotiabank.com and follow us on X @Scotiabank.
SOURCE Scotiabank