The Bank of Nova Scotia, commonly known as Scotiabank, is a Canadian multinational financial services institution and one of the country’s “big five banks”. It was founded in 1832 in Halifax, Nova Scotia, and has since grown to become the third-largest bank in Canada by deposits and market capitalization. In 1900, the company moved its executive office to Toronto, where it remains headquartered today.
With over 88,000 employees worldwide, Scotiabank serves more than 25 million customers across 40 countries. Its international presence has earned it the moniker of “Canada’s most international bank,” thanks to its acquisitions and partnerships in Latin America, the Caribbean, Europe, and parts of Asia.
Scotiabank offers its customers a range of financial services, including personal and commercial banking, wealth management, and investment banking. It has also been recognized for its commitment to innovation and technology, with offerings such as its mobile banking app and digital investment platform, Scotia iTRADE.
As a socially responsible company, Scotiabank has made significant efforts to support the communities it serves through various charitable initiatives and partnerships. Its philanthropic arm, the Scotiabank Foundation, has donated over $1 billion to community causes around the world since its inception in 1832.
In recent years, Scotiabank has also been recognized for its leadership in sustainability. It has made a commitment to reducing its carbon footprint and promoting environmental sustainability across its operations. In 2021, Scotiabank was named to the Dow Jones Sustainability Index for the 21st consecutive year, making it the only Canadian bank to achieve this feat.
Overall, the Bank of Nova Scotia’s commitment to innovation, social responsibility, and sustainability has helped it establish a strong reputation as a leading financial institution in Canada and around the world.
