TORONTO, April 2,
2024 /CNW/ - Scotiabank has been named the 2024 Best
Bank in Canada by Global Finance
magazine. The Best Bank Awards recognize financial institutions
that offer the broadest range of services, long-term reliability,
and technological innovation.
"We are proud to have been recognized by Global Finance as the
Best Bank in Canada," said
Scott Thomson, President and Chief
Executive Officer, Scotiabank. "2023 was a foundational year for
Scotiabank as we laid the groundwork to deliver profitable,
sustainable growth over the long term. This recognition is a
testament to the progress that we are already making in delivering
against our key strategic priorities and the work we are doing to
continue to build trust and deepen our focus on our clients.
Congratulations to our team of Scotiabankers on this
achievement."
Notable highlights from this year's recognition include:
- The launch of a new enterprise strategy, rooted in Scotiabank's
vision to be their clients' most trusted financial partner with a
focus on delivering sustainable, profitable growth through four
strategic pillars: Growing and scaling in priority markets; Earning
primary client relationships; Making it easy to do business with
us; and Winning as one team.
- Strengthening the Bank's balance sheet in preparation for the
next phase of growth, including building capital levels, improving
their funding profile and increasing deposits.
- Growing Scene+, including adding Home Hardware—one of
Canada's most iconic home
retailers—to the program. With more than 15 million members, Scene+
aims to be one of Canada's largest
and most flexible loyalty programs, helping Scotiabank grow its
primary client base.
- Continued progress in Scotiabank's environmental, social, and
governance efforts, including providing $132
billion since November 1,
2018, towards its target of $350
billion in climate-related finance by 2030, continuing to
invest in the $500 million ScotiaRISE
program to build economic resilience, and being recognized as a
leader in Corporate Governance.
- The launch of Scotia Smart Investor online and via mobile,
which empowers Scotiabank clients to take control of their
investments by helping them create, plan, monitor, and update their
financial goals, supported by expert advice offered in-person at
branches or virtually. The platform aligns solutions to client
goals by blending AI-powered recommendations and personalized
advice in real-time.
About Scotiabank
Scotiabank's vision is to be our clients' most trusted financial
partner, to deliver sustainable, profitable growth and maximize
total shareholder return. 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 January 31, 2024), 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