TORONTO, Dec. 2, 2021 /CNW/ - Scotiabank has been named
Bank of the Year in Canada by
The Banker magazine, further solidifying its role as a
Leading Bank in the Americas. This is the third consecutive year
that Scotiabank has earned the award from the Financial
Times-owned publication and follows the Bank's global
recognition as the Most Innovative in Data by The
Banker in August.
"The best relationships are forged during challenging times, and
I am exceedingly proud of the ways in which our winning team has
supported our customers throughout this period," said Brian Porter, President and Chief Executive
Officer at Scotiabank. "They have gone over and above to provide
our clients with exceptional advice and a great banking experience,
while delivering for our shareholders and communities."
Building on the most ambitious relief program in the Bank's
history, which was launched at the onset of COVID-19, Scotiabank
made considerable investments in its product and service offering
to better equip customers to manage through uncertainty and build a
more prosperous future for them and their businesses.
Highlights of this year's recognition include the Bank's use of
data and analytics to identify thousands of its most
vulnerable customers, in order to provide them with tailored
support and advice to help navigate their financial challenges
during the pandemic.
The award also recognizes the Bank's environmental, social, and
governance (ESG) leadership, including the establishment of its
Sustainable Finance Group, which provides leading ESG and
sustainable finance advice and solutions to corporate, financial,
public sector, and institutional clients across Scotiabank's global
footprint. The Bank also launched ScotiaRISE—a 10-year,
$500 million initiative to promote
economic resilience among disadvantaged groups by providing people
with the tools they need to improve their education and employment
prospects, adapt to changing circumstances, and increase the
likelihood of financial success.
The launch of Advice+, which empowers financial advisors to have
deeper, more meaningful conversations with our customers in order
to provide them with the right advice to meet their complex and
evolving financial needs, is also reflected in this year's
award.
"Across our footprint, our team has risen to the occasion,
continuing to put our customers first, and demonstrating time and
again why we are a Leading Bank in the Americas," said Porter. "A
heartfelt congratulations to all Scotiabankers on this
well-deserved recognition."
Scotiabank received the award at a virtual ceremony held last
night. The Bank also took home wins for its businesses in
Bahamas, Barbados, Cayman
Islands, and Turks and 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
approximately 90,000 employees and assets of
approximately $1.2 trillion (as at October 31,
2021), 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
Twitter @ScotiabankViews.
SOURCE Scotiabank