Each of Scotiabank’s business lines is focused on executing its business strategies in relation to these priorities and the bank has met its objectives and continued to reward its shareholders.
“At Scotiabank, we are driven by opportunity,” says Rick Waugh, president and CEO. “Since our founding in 1832, we have always searched for new ways to grow across Canada and around the world, opportunities to reward our shareholders, serve our customers better, provide our employees with rewarding careers and help our communities to prosper. All told, our focus on creating and seizing opportunities has helped us to become a highly successful international company, by any measure.
“In commercial banking, Scotiabank has redefined and refocused its business to deliver better customer service by segmenting its clients into distinct groups based on the complexity of their needs. In the international field, the bank acquired Banco de Comercio, El Salvador’s fourth largest bank, while in Scotia Capital, it acquired Calgary-based Waterous & Co, then forming Scotia Waterous, a strong new player in the energy industry.
“At the heart of this effort, close to 56,000 employees of the Scotiabank Group and our affiliates are dedicated to serving 10 million customers, in almost 50 countries, on five continents, in more than 80 languages.”
