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Scotiabank facts for kids

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The Bank of Nova Scotia
Trade name
Scotiabank
Public
Traded as tsx:BNS
nyse:BNS
S&P/TSX 60 component
Industry Banking, Financial services
Founded 30 March 1832; 188 years ago (1832-03-30)
Halifax, Nova Scotia
Headquarters Toronto, Ontario, Canada
Key people
Brian J. Porter (President and CEO)
Raj Viswanathan (CFO)
Revenue Increase C$32.8 billion (2019)
Increase C$8.8 billion (2019)
AUM Increase C$302 billion (2019)
Total assets Increase C$1,086 billion (2019)
Total equity Increase C$70.1 billion (2019)
Number of employees
101,813 (2019)
Subsidiaries Tangerine Bank

The Bank of Nova Scotia, or Scotiabank, is a Canadian multinational banking and financial services company. One of Canada's Big Five banks, it is the third largest Canadian bank by deposits and market capitalization. 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 88,000 employees and assets of $998 billion (as of October 31, 2018), Scotiabank trades on the Toronto and New York Exchanges.

Founded in 1832 in Halifax, Nova Scotia, Scotiabank 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 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. From 1997 to 2019, this was conducted through its precious metals division ScotiaMocatta.

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