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Scotiabank | |
Company type | Public |
TSX: BNS NYSE: BNS S&P/TSX 60 component | |
ISIN | CA0641491075 |
Industry | |
Founded | March 30, 1832 Halifax, Nova Scotia |
Headquarters | Scotiabank North, 40 Temperance Street, Toronto, Ontario, Canada[1] |
Key people |
|
Revenue | CA$32.31 billion (2023)[2] |
CA$7.53 billion (2023)[2] | |
AUM | CA$317.00 billion (2023)[2] |
Total assets | CA$1.41 trillion (2023)[2] |
Total equity | CA$78.67 billion (2023)[2] |
Number of employees | 89,488 (2023)[2] |
Subsidiaries | Tangerine Bank |
Website | www |
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 89,000 employees and assets of CA$1,399 billion as of April 30, 2024 (according to Q2-2024 Report to Shareholders), 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]