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Scotiabank

Bank of Nova Scotia
Scotiabank
Company typePublic
TSX: BNS
NYSE: BNS
S&P/TSX 60 component
ISINCA0641491075 Edit this on Wikidata
Industry
FoundedMarch 30, 1832 (1832-03-30)
Halifax, Nova Scotia
HeadquartersScotiabank North, 40 Temperance Street, Toronto, Ontario, Canada[1]
Key people
  • L. Scott Thomson (president and CEO)
  • Raj Viswanathan (CFO)
RevenueIncrease CA$32.31 billion (2023)[2]
Decrease CA$7.53 billion (2023)[2]
AUMIncrease CA$317.00 billion (2023)[2]
Total assetsIncrease CA$1.41 trillion (2023)[2]
Total equityIncrease CA$78.67 billion (2023)[2]
Number of employees
89,488 (2023)[2]
SubsidiariesTangerine Bank
Websitewww.scotiabank.com Edit this at Wikidata
Banque Scotia logo, used for francophone Scotiabank customers in Canada

The Bank of Nova Scotia (French: Banque de Nouvelle-Écosse), operating as Scotiabank (French: Banque Scotia), is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. One of Canada's Big Five banks, it is the third-largest Canadian bank by deposits and market capitalization. In 2023, the company’s seat in Forbes Global 2000 was 88.[3] It serves more than 25 million customers around the world and offers a range of products and services including personal and commercial banking, wealth management, corporate and investment banking. With more than 92,001 employees and assets of Can$1,136 billion (according to 2020 annual report), Scotiabank trades on the Toronto (TSX: BNS) and New York (NYSE: BNS) exchanges. The Scotiabank swift code is NOSCCATT and the institution number is 002.[4]

Scotiabank was founded in 1832 in Halifax, Nova Scotia, where it was headquartered until relocating to Toronto in 1900.[5] Scotiabank has billed itself as "Canada's most international bank" due to its acquisitions primarily in Latin America and the Caribbean, and also in Europe and parts of Asia. Scotiabank is a member of the London Bullion Market Association and one of fifteen accredited institutions which participate in the London gold fixing.[6] From 1997 to 2019, this was conducted through its precious metals division ScotiaMocatta.[7]

Scotiabank's president and CEO Brian J. Porter[8] announced his retirement to be effective January 31, 2023, and Scott Thompson was named as his replacement.[9]

  1. ^ "Scotiabank 2023 Annual Report - English" (PDF). Scotiabank. Retrieved November 3, 2023.
  2. ^ a b c d e f "Scotiabank Fourth Quarter Release" (PDF). Investor Relations. Scotiabank. Retrieved December 3, 2023.
  3. ^ "The Global 2000 2023". Forbes. Archived from the original on January 29, 2024. Retrieved February 7, 2024.
  4. ^ "What's Scotiabank's ABA number, institution code, and SWIFT code?". Scotiabank. Retrieved March 8, 2024.
  5. ^ "The Scotiabank Story". Scotiabank. 2010. Retrieved October 13, 2013.
  6. ^ "The London Gold Fix". Bullionvault. 2016. Retrieved February 15, 2016.
  7. ^ "Scotiabank Drops 348-Year-Old Mocatta Name in Metals Unit Revamp". Bloomberg. 2019. Retrieved September 19, 2019.
  8. ^ Touryalai, Halah (February 12, 2014). "Largest 100 banks in the world". Forbes. Retrieved August 18, 2017.
  9. ^ Yazmin, Mehnaz (September 26, 2022). "Scotiabank taps board member Thomson as CEO in surprise move". Reuters. Retrieved January 13, 2023.

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