The Bank of Nova Scotia
The Bank of Nova Scotia (known as Scotiabank), headquartered in Toronto, is the third largest bank in Canada by total assets, deposits and market capitalization. It serves more than 25 million customers worldwide and is Canada's most international bank with about 2,240 branches and 8,530 ATMs (of which 900 branches and 3,578 ATMs in Canada) and over 88,000 employees in 55 countries. The company offers chequing and savings accounts, low interest and no annual fee credit cards, student accounts and student cards, lines of credit, residential and commercial mortgages, personal and auto loans, investment and insurance products, small business and corporate banking; telephone, mobile and online banking, and much more. The Bank’s key business segments are Canadian Banking, Global Banking & Markets, Global Wealth Management and International Banking. International Banking is focused on Mexico, Chile, Peru and Colombia, and the Caribbean and Central America region. The company was recently named Bank of the Year in Latin America and the Caribbean by LatinFinance. Scotiabank is also the tenth largest foreign banking institution in the United States in terms of assets. It is a member of the Global ATM Alliance, a joint venture of several major international banks including Bank of America, BNP Paribas, Barclays, Deutsche Bank and Westpac. The company’s shares are traded on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE), with a market capitalization of over US$63 billion as of February 10, 2025. Scotiabank is one of the three safest banks in North America according to Global Finance.
Key Facts
| Total Revenue | C$33.67 billion (2024) |
| Net income | C$7.89 billion (2024) |
| Total assets | C$1.41 trillion (2024) |
| Deposits | C$943.8 billion (2024) |
| Net loans | C$760.8 billion (2024) |
| Shareholders' equity | C$84.0 billion (2024) |
| Assets under management (AUM) | C$373.0 billion (2024) |
| Assets under administration (AUA) | C$771.5 billion (2024) |
| Number of employees (FTE) | 88,490 |
Credit Ratings (Senior Debt)
Moody's: A2
Fitch: AA-
DBRS: AA (low)
Standard & Poor's: A-
Ratings as of January 2025
Related articles: Tangerine, Scotiabank Mexico, Scotiabank Chile, Scotiabank Peru
Head office address:
Scotia Plaza
44 King Street West
Toronto, Ontario
M5H 1H1, Canada
Phone number: +1-416-866-6161
Website: www.scotiabank.com