Scotiabank facts for kids
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Trade name
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Scotiabank |
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| Public | |
| Traded as | tsx:BNS nyse:BNS S&P/TSX 60 component |
| Industry | Banking, Financial services |
| Founded | 30 March 1832 Halifax, Nova Scotia |
| Headquarters | Toronto, Ontario, Canada |
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Key people
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Brian J. Porter (President and CEO) Raj Viswanathan (CFO) |
| Revenue |  C$32.8 billion (2019) |
| C$8.8 billion (2019) |
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| AUM | C$302 billion (2019) |
| Total assets | C$1,086 billion (2019) |
| Total equity | C$70.1 billion (2019) |
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Number of employees
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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.
Images for kids
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William Lawson served as the first president of the Bank of Nova Scotia, from 1832 to 1837.
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The Bank of New Brunswick building in Saint John. The Bank of New Brunswick was acquired by the Bank of Nova Scotia in 1913.
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A Tangerine "cafe" in Toronto. Tangerine is a subsidiary of Scotiabank that was acquired in 2012.
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A Bank of Ottawa branch in Cobalt. The bank was acquired by the Bank of Nova Scotia in 1919.
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Headquarters for R & G Financial in San Juan, 2006. R & G was later acquired by Scotiabank in 2010.
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A Scotiabank branch next to a public library in Victoria, Canada
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A Scotiabank branch in Holetown, Barbados
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The CONCACAF Champions League trophy. Scotiabank is the title sponsor for the event.
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The Scotiabank Saddledome in Calgary. The bank has held the arena's naming rights since October 2010.
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Several Cineplex Entertainment theatres have been branded as "Scotiabank Theatre" since 2007.
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See also
In Spanish: Scotiabank para niños
