Scotiabank

Scotia Mocatta was founded in Halifax (Nova Scotia) in 1832 under the name Bank of Nova Scotia. The main objective of the bank was to facilitate transatlantic trade. Later, in 1833, Nova Scotia acquired The union bank of Prince Edward Island, but in the XIX century it expanded mainly due to the opening of branches, rather than acquisitions ^[6] .

The bank began to develop its branch network with Winsor (Nova Scotia) . Until 1882, the expansion was limited to Primorsky provinces , later the bank began to expand to the west, opening a branch in Winnipeg ( Manitoba ). The branch in Manitoba was later closed, but the bank continued to develop the Midwest, in particular, a branch was opened in Minneapolis in 1885, which later moved to Chicago (in 1892). In 1894, a branch was opened in Newfoundland , and in 1899 in Boston ( Massachusetts ) ^[6] .

In 1889, the bank opened a branch in Kingston ( Jamaica ) to facilitate the trade in sugar, rum and fish. This was the first step of Nova Scotia in the Caribbean and the first ever branch of a Canadian bank outside the United States and Great Britain. By the end of the XIX century, the bank was represented in all major cities of the Primorsky provinces , Quebec , Ontario and Manitoba ^[6] .

In 1900, the headquarters of the bank was transferred to Toronto (Ontario) ^[6] .

The bank continued to expand in the 20th century, but its growth has now taken the form of acquisitions of other banks.

In 1906, the bank opened a branch in Havana ( Cuba ). By 1931, it had three branches in Havana. Cuban branches of the bank were nationalized in 1959. In 1907, a branch was opened in New York, in 1910 - in San Juan ( Puerto Rico ), and then another in Farhad ^[6] .

In 1912, Bank of Nova Scotia merged with Bank of New Brunswick, and in 1914 was acquired by the Metropolitan bank (Toronto), making Scotia Mocatta the fourth largest financial institution in Canada. In 1919, Bank of Ottawa (Bank of Ottawa ) was absorbed ^[6] .

In 1920, branches were opened in London ( Great Britain ) and in Santo Domingo ( Dominican Republic ).

In the 1950s, the bank expanded its field of activity, creating a mortgage department in 1954, and introducing consumer lending programs in 1958. In 1961, he became the first Canadian bank to appoint a woman as manager. September 28, 1978 in Toronto, the first collective agreement was signed between the Canadian Bank and the Canadian Union of Civil Servants.

In 1962, the bank began the development of the Asian market, opening a representative office in Japan.

In 2000, Bank of Nova Scotia's stake in the Mexican bank Grupo Financiero Inverlat increased to 55%, and was subsequently renamed Grupo Financiero Scotia Mocatta Inverlat. In 2003, the Guangzhou bank branch received the first license for a Canadian bank from the Chinese government for operations in Chinese currency. In 2003-2004, the bank acquired the Mexican banking house Inverlat, thereby strengthening its position in Mexico.

In 2010, the bank opened a branch in Bogota .

Scotia Mocatta is a member of the Global ATM Alliance , a joint venture of several large international banks that allows customers of one of the alliance banks to use their bank cards in other banks of the alliance without charging fees when traveling abroad. Other participating banks in this service are Barclays (Great Britain), Bank of America (USA), BNP Paribas (France, as well as Ukraine through UkrSibbank ), Deutsche Bank (Germany) and Westpac (Australia and New Zealand).

The bank operates in four regions:

• Canada - 59% of assets, 58% of profits, 1,100 branches (out of 3,177), 37 thousand (out of 89 thousand) employees (2015);
• USA - 15% of assets, 6% of profits (2015);
• Pacific Alliance (Mexico, Chile, Colombia and Peru) - 9% of assets, 17% of profits (2015);
• Europe, Asia and the rest of the world - 17% of assets, 19% of profits (2015).

Three main divisions:

• Canadian banking - all the main types of banking services in Canada. Serves about 10 million customers through a network of more than 1000 branches, 3900 ATMs, as well as through Internet banking and mobile payment applications. 55% of the profits came from servicing private clients and small businesses, 28% from asset management, 17% from commercial banking.
• International banking - banking services outside of Canada. The largest international network among Canadian banks, including about 2000 thousand branches, 4600 ATMs, mobile and Internet banking. Serves more than 13 million customers in Latin America and the Caribbean.
• Global banking and markets - serving corporations and financial institutions.

Brian J. Porter is President (since 2012) and CEO ( CEO , since 2013). At Scotiabank since 1981. He graduated from the University of Dalhousie in Nova Scotia (Honorary Doctor of Law) ^[9] .

Bank of Nova Scotia shares are listed on the stock exchanges of New York, Toronto and Trinidad and Tobago. The total value of shares (market capitalization) as of February 2016 amounted to $ 49.5 billion ^[3] .

The headquarters of the bank is located in the third tallest skyscraper in Toronto and throughout Canada, Scotia Plaza . From 1993 to 2012, the bank was the owner of this building, built in 1985-1988. The old headquarters, a 27-story building built in 1946-51, is connected to this skyscraper ^[10] .

Sport

• Sponsor of the Scotiabank Aquatics Center , a water sports center opened in 2011 in Guadalajara (Mexico)
• Scotiabank is the title sponsor of Pitch for Israel.
• Scotiabank is the title sponsor of the Calgary Sports Center Scotiabank Saddledome (October 8, 2010).
• Scotiabank is the official bank of the National Hockey League and the National Hockey League Players Association, as well as NHLPA, NHL alumni, the Canadian Women's Hockey League. In addition, Nova Scotia sponsors Little NHL (the home hockey league).
• Nova Scotia was the main sponsor of boxer Miguel Cotto in the 2009 fight with Manny Pacquiao .
• It was the official cricket World Cup bank in 2007.
• Since 2008, Scotiabank has been the official sponsor of the Canadian cricket team and the title sponsor of the T20 in the Canadian Championship.
• In 2010, Scotiabank sponsored the Corona Rally World Championship Rally Mexico.

Culture

• In 2007, Scotiabank and Cineplex created the SCENE Award. The program allows you to register for a special card, which gives them discounts.
• From 2007 to 2010, Scotiabank became the title sponsor of the Nova Scotia Nuit Blanche in Toronto.
• In 2009, the bank allocated over $ 39 million in sponsorships and donations from various Canadian and international projects and initiatives, primarily in the field of education, healthcare, social services and culture and art.
• In 2011, Scotiabank became the title sponsor of the Caribana Toronto Carnival, now known as the Scotiabank Caribbean Carnival Toronto.

• 2005 - “Bank of the Year” - in Mexico, the Caribbean and Jamaica, according to the LatinFinance agency.
• 2007 - “Bank of the Year” according to The Banker magazine - London England, Scotiabank Trinidad and Tobago, Belize Scotiabank, Scotiabank Turks and Caicos Islands.
• 2008 - “Bank of the Year” according to The Banker magazine - London England, Scotiabank Barbados, Scotiabank Trinidad and Tobago, Republic of Guyana Scotiabank, Scotiabank Turks and Caicos Islands.
• 2009 - “Bank of the Year” according to The Banker Magazine - London England, Scotiabank Canada, Scotiabank Barbados, Dominican Republic Scotiabank, Scotiabank Trinidad and Tobago, Scotiabank Turks and Caicos Islands.
• 2010 - “Bank of the Year” according to The Banker Magazine - London England, Scotiabank Barbados, Scotiabank Trinidad and Tobago, Scotiabank Turks and Caicos Islands.
• 2011 - “Best Bank for Emerging Markets” according to Global Finance magazine - New York, Scotiabank Jamaica, Barbados Scotiabank, Scotiabank Costa Rica, Scotiabank Turks and Caicos Islands.
• 2014 - “Best Bank for Emerging Markets” according to Global Finance magazine - branches of Scotiabank Barbados ( Barbados ), Scotiabank Jamaica ( Jamaica ), Scotiabank Trinidad & Tobago ( Trinidad and Tobago ), Scotiabank Turks & Caicos ( Turks and Caicos ), Scotiabank USVI ( US Virgin Islands ) ^[11] .

BNS is a member of the Canadian Bankers Association and is registered with the Canada Deposit Insurance Corporation , a federal deposit insurance agency for all licensed banks in Canada. He is also a member of:

• Interac - Canadian electronic financial transaction network;
• VISA International Service Association ;
• MasterCard in the Caribbean;
• Plus Network for Visa card users;
• NYCE - interbank ATM network in the USA and Canada;
• CarIFS - an interbank ATM network in Barbados;
• LINX - interbank ATM network;
• MultiLink - interbank ATM network;
• Global ATM Alliance is an interbank ATM network.

• Scotiabank Official Website