TORONTO, Dec. 9, 2024
/CNW/ - Scotiabank has been named Bank of the Year in Canada by The Banker, a Financial Times
publication. The Bank of the Year awards are regarded as the
industry standard for banking excellence across more than 120
countries and recognize financial institutions for their
performance and strategic and technological advancements that
support their clients.
"This was a milestone year for Scotiabank as we introduced a new
enterprise strategy and made important progress against our key
priorities, including growing deposits, strengthening our balance
sheet, and building deeper, more meaningful primary relationships
with our clients," said Scott
Thomson, President and CEO, Scotiabank. "This award reflects
the hard work and dedication of our team, our momentum to date, and
all that we are achieving together."
Highlights from this year include:
- The launch of Scotiabank's new enterprise strategy, which is
rooted in its vision of being its clients' most trusted financial
partner, to deliver profitable, sustainable growth and maximize
total shareholder return. The new all-bank strategy was co-created
through a highly collaborative and data-driven process and centres
on creating greater connectivity across markets with a focus on the
North American corridor.
- Scotiabank's expanded partnership with Google Cloud, naming it
the enterprise platform of choice for the next phase of the Bank's
cloud acceleration journey. Google Cloud technology will allow
Scotiabank to enhance the client and employee experience,
strengthen its security, and adopt new technologies, like
generative AI, more quickly, accelerating the Bank's global data
and analytics strategy.
- Progress within the Scene+ program and Scotiabank's broadened
suite of credit cards helped grow primary client relationships.
Scene+ grew to 15 million members in part due to its ever-expanding
list of partners, including Home Hardware, who the Bank partnered
with to launch Scotia Home Hardware PRO Visa Business card,
designed to support entrepreneurs in the trades and construction
industry.
- The Bank's enterprise-wide Truth and Reconciliation journey,
including the launch of its inaugural Truth & Reconciliation
Action Plan, a four-year strategy designed to drive meaningful
progress towards Reconciliation across six strategic pillars and 37
specific actions.
In addition to the Bank of the Year Canada award, Scotiabank was
also recognized as the Bank of the Year in the Bahamas, Barbados, Guyana, Trinidad
& Tobago and Turks & Caicos.
About Scotiabank
Scotiabank's vision is to be our clients' most trusted financial
partner and deliver sustainable, profitable growth. Guided by our
purpose: "for every future," we help our clients, 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 assets of
approximately $1.4 trillion (as at
October 31, 2024), Scotiabank is one
of the largest banks in North
America by assets, and trades on the Toronto Stock Exchange
(TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more
information, please visit www.scotiabank.com and follow us on X
@Scotiabank.
SOURCE Scotiabank