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The Bank of Nova Scotia: Overview

The Bank of Nova Scotia (Scotiabank) is a provider of personal and commercial, and private banking; wealth management; investment banking; and capital markets solutions to individuals, corporates, and SME clients. It offers individual savings and business accounts, travelers' cheques, debit and credit cards, lines of credit, loans and mortgages, investment certificates, payment and merchant services, and life and non-life insurance. The bank provides cash management, business planning, and advisory, securities lending, equity execution services, underwriting and brokerage, foreign exchange, investment products and advisory, online banking, overdraft protection, and mobile banking, among others. It operates through branches, digital platforms, third-party channels, ATMs, and financial advisors in North America, Asia, Europe, and Central and Latin America. Scotiabank is headquartered in Toronto, Canada.

Headquarters Canada

Address 40 Temperance Street, Toronto, Ontario, M5H0B4


Telephone 1 416 8663672

No of Employees 90,979

Industry Financial Services

Ticker Symbol & Exchange BNS (TSE)

Revenue (2023) $37.4B -10.2% (2023 vs 2022)

EPS XXX

Net Income (2023) XXX 42% (2023 vs 2022)

Market Cap* $63.7B

Net Profit Margin (2022) XXX 58.1% (2023 vs 2022)

* As of and is in US$

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IT Services Contracts

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ICT Spend & Tech Priorities

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Products and Services

Products Services
Accounts and Deposits: On-line Banking
Checking Account Direct Deposit
Savings Account Overdraft Protection
XXX XXX
XXX XXX
XXX XXX
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2023 Others In January, the company introduced US$1.50 fee for online transfers to other banks.
2022 New Products/Services In November, Scotiabank Bahamas offered a package of eCommerce solutions.
2022 New Products/Services In November, Scotia Global Asset Management launched emerging markets ETF on the NEO exchange.
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Competitor Comparison

Key Parameters The Bank of Nova Scotia Bank of America Corp Wells Fargo & Co Citigroup Inc Royal Bank of Canada
Headquarters Canada United States of America United States of America United States of America Canada
City Toronto Charlotte San Francisco New York Toronto
State/Province Ontario North Carolina California New York Ontario
No. of Employees 90,979 210,000 243,674 231,000 88,541
Entity Type Public Public Public Public Public
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Executives
Name Position Board Since Age
Aaron W. Regent Chairman Executive Board 2013 -
Scott Thomson Director; President Executive Board 2022 -
Jake Lawrence Head - Global Banking and Markets; Chief Executive Officer Senior Management 2021 -
Raj Viswanathan Chief Financial Officer; Head Senior Management 2019 -
Phil Thomas Chief Risk Officer Senior Management 2021 -
Non Dignissim Eros Proin vel Convallis 2023 XX
Non Dignissim Eros Proin vel Convallis 2023 XX
Non Dignissim Eros Proin vel Convallis 2023 XX
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