Scotiabank
Scotiabank is known as one of the big five Canadian financial institutions. It has a solid reputation as a responsible corporate player in the Canadian financial market, and it has now become one of only 11 corporations in Canada listed on the Dow Jones Sustainability World Index. Although it is not the largest financial corporation in Canada, it boasts more than 12 million clients in more than 50 countries worldwide. Across its business lines of investment banking, personal lending and commercial services it employs more than 69,000 people.
Amalgamation in the Canadian financial industry has meant that where there used to be separation between banks, trust companies and insurance companies there are now corporations that can handle a wide variety of banking, investment and insurance needs for individuals or businesses. Scotiabank is no exception and can provide not only a wide variety of products but easy access to them as well as information that is helpful to clients.
Spotlight on Scotiabank
About Scotiabank
Through its branch network, Scotiabank services businesses and individuals with banking products that are insured by that Canada Deposit Insurance Corporation. In branch locations, clients can also avail lending services like credit cards, lines of credit or other types of loans including mortgages. Scotiabank is one of the corporate entities in Canada that can offer most any financial product that is required whether the client is an individual or a large corporation.
As part of its dedication to corporate social responsibility, Scotiabank last year donated over $43 million that went to various sponsorships and donations. They are also proud of the fact that Scotiabank employees logged almost a quarter of a million hours providing community service. The goodwill that the bank cultivates with its Canadian customers translates to benefits in its bottom line.
Scotiabank also offers a wide variety of Investment Services like investment management, private banking as well as trust and estate planning services. Advisory for mutual funds and retail brokerage is also offered.
Scotiabank also has a wholesale distribution channel that is called Scotia Capital. It caters to large corporate, institutional and government entities to provide services related to corporate lending, assistance with mergers and acquisitions, research and large scale investment banking. Everything from derivatives, securitization, equity underwriting and foreign exchange services is offered. Scotiabank shows a strong presence in all of North America and much of Europe and has the ability to handle expanding global corporations banking needs as well as effectively servicing the smallest private depositors. It is destined to continue to be an important player in the Canadian banking industry.