Scotiabank becomes first bank to win three
regional Awards for Excellence™ in a calendar year
TORONTO, July 15,
2022 /CNW/ - Scotiabank is pleased to announce it has
been named Best Bank in Canada, North
America's Best Bank for Sustainable Finance and Best
Investment Bank Chile at the 2022 Euromoney Awards
for Excellence. Established in 1992, the Euromoney Awards
for Excellence are a definitive program for the global banking
industry, featuring more than 50 regional and best bank awards
across 100 countries. This year, Euromoney received a record number
of submissions in both the regional and country awards
programs.
"Scotiabank's very strong showing at the 2022 Euromoney Awards
further cements our position as a Leading Bank in the Americas,"
said Brian Porter, President &
Chief Executive Officer, Scotiabank. "The awards recognize how
effectively we have delivered on our global strategy in our core
markets of Canada and Chile and highlight our efforts to become a
leader in sustainable finance."
Scotiabank was recognized by Euromoney in 2020, winning
Chile's Best Bank
and Latin America's Best Bank Transformation awards that
year. Scotiabank also recently won six awards at the 2022 Global
Finance Sustainability Finance Awards, demonstrating its continued
momentum in this area by winning Outstanding Global Leadership in
Sustainability Transparency for the second year in a row.
Scotiabank's Sustainable Finance Group has grown significantly
since its inception in 2020 and is an industry leader in developing
innovative sustainable financing and ESG advisory solutions to
support the Bank's diversified global presence. The team produces
leading edge thought leadership and market insights for clients and
engages at various local and international sustainable finance
events and working groups to further the discourse and raise
awareness with a range of stakeholders.
Visit
https://www.scotiabank.com/ca/en/about/perspectives.articles.impact.2022-07-euromoney-awards.html
to learn more about Scotiabank's leadership in Sustainable
Finance.
"This recognition is a strong validation of the leadership of
Scotiabank's Global Banking and Markets team in developing
innovative sustainable lending, advisory, hedging and underwriting
solutions to support our global client base," continued Mr. Porter.
"We are extremely pleased with Euromoney's acknowledgement of the
work we are doing to advance the climate transition and promote
sustainable economic growth alongside our clients to incorporate
sustainability across all their business activities."
Since 2013, Scotiabank has achieved significant progress on its
growth strategy, exiting 25 unrated or sub-investment grade
countries and eight non-core businesses and redeploying
approximately $10 billion to stable, high-growth
businesses and geographies with better return on investment. It
acquired BBVA Chile in 2018, strengthening its position in a high
growth market, and recently increased its majority stake in
Scotiabank Chile to 99.8%, where it is currently ranked as third
largest bank in the region.
"Scotiabank's operations in Chile demonstrate how well we are executing on
our strategy to become a Leading Bank in the Americas," continued
Mr. Porter. "Euromoney's recognition highlights our dedication to
the region as well as our plans to continue to build upon our
momentum in Chile and across our
footprint of Pacific Alliance countries over the coming years."
About Scotiabank
Scotiabank is a leading bank in the Americas. Guided by our
purpose: "for every future", we help our customers, their families
and their communities achieve success through a broad range of
advice, products and services, including personal and commercial
banking, wealth management and private banking, corporate and
investment banking, and capital markets. With a team of over 90,000
employees and assets of approximately $1.3
trillion (as at April 30,
2022), Scotiabank trades on the Toronto Stock Exchange (TSX:
BNS) and New York Stock Exchange (NYSE: BNS). For more information,
please visit http://www.scotiabank.com and follow us on Twitter
@ScotiabankViews.
SOURCE Scotiabank