Bank of Nova Scotia
 |
|
| Scotiabank | |
| Public company | |
| Traded as | : BNS : BNS : S&P/TSX 60 component |
| Industry | Financial services |
| Founded | 1832 Halifax, Nova Scotia, Canada |
| Headquarters | Toronto, Ontario, Canada |
|
Key people
|
Brian J. Porter (President and CEO) Sean McGuckin (CFO) |
| Revenue |
 C$26.049 billion (2016) |
|
C$$7.413 billion (2016) |
|
| Total assets |
C$896.497 billion (2016) |
|
Number of employees
|
89,214 (2015) |
| Subsidiaries | |
| Website | scotiabank.com |
The Bank of Nova Scotia (French: Banque de la Nouvelle-Écosse), operating as Scotiabank (French: Banque Scotia), is a Canadian multinational bank. It is the third largest bank in Canada by deposits and market capitalization. It serves more than 23 million customers in over 55 countries around the world and offers a range of products and services including personal and commercial banking, wealth management, corporate and investment banking. With assets of $896.487 billion, Scotiabank shares trade on the and .
The bank was founded in Halifax, Nova Scotia in 1832, and moved its executive offices to Toronto, Ontario, in 1900. 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 India. Through its subsidiary ScotiaMocatta, it is a member of the London Bullion Market Association and one of five banks that participates in the London gold fixing.
Scotiabank's Institution Number (or bank number) is 002. The company ranked at number 41 on the SNL Financial World's 100 biggest banks listing, September 2013 and is under the leadership of President and CEO Brian J. Porter.
The bank was incorporated by the Legislative Assembly of Nova Scotia on March 30, 1832, in Halifax, Nova Scotia, with William Lawson (1772–1848) serving as the first president. Scotiabank was founded in Halifax, Nova Scotia, in 1832 under the name of The Bank of Nova Scotia. The bank intended to facilitate the trans-Atlantic trade of the time. Later, in 1883, The Bank of Nova Scotia acquired the Union Bank of Prince Edward Island, although most of the bank's expansion efforts in the century took the form of branch openings.
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Wikipedia