TORONTO, Feb. 13, 2018 /CNW/ - Scotiabank released
today, under the Investor Relations section of www.scotiabank.com,
the proposed template for its Supplemental Financial Information
package.
As disclosed in Scotiabank's Fiscal 2017 Consolidated Financial
Statements, the Bank has adopted IFRS 9 effective November 1, 2017 and will not restate comparative
periods.
The purpose of this template is to help users of the Bank's
financial disclosures better understand the changes to its
supplemental disclosures following the Bank's adoption of
IFRS 9, Financial Instruments (IFRS 9), that replaced
IAS 39, Financial Instruments: Recognition and Measurement
(IAS 39), effective November 1,
2017.
Scotiabank will release its fiscal Q1 2018 results on
February 27, 2018. The bank intends
to provide additional details surrounding the impacts of IFRS 9 in
its Report to Shareholders for Q1 2018. Given this is a proposed
template for the Supplemental Financial Information package, it is
possible that further refinements could be made.
About Scotiabank
Scotiabank is Canada's international bank and a leading
financial services provider in North
America, Latin America, the
Caribbean and Central America, and Asia-Pacific. We are dedicated to helping our
24 million customers become better off 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 more than
88,000 employees and assets of over $915
billion (as at October 31,
2017), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges
(NYSE: BNS). For more information, please visit www.scotiabank.com
and follow us on Twitter @Scotiabank.
SOURCE Scotiabank