When it comes to historical presence in the Caribbean, the Bank
of Nova Scotia ticks all the boxes. It first established
operations in Jamaica in 1889, just 50 years or so after the
first banks emerged on the island. The Jamaica branch was set
up in 1897 — even before one was in Toronto.
Bank of the Year, Caribbean: Scotiabank
A strong regional reach and global perspective to operations makes Scotiabank stand out
Thus was the century-long process begun for a broad,
pan-Caribbean franchise that the bank has continued developing
through to the present day.
Today, the bank boasts a formidable footprint in the region,
with presence in 25 countries. Its long-standing focus on the
Caribbean — once the cornerstone of the
bank’s international strategy — is paying
off, despite a difficult operating environment, leaving the
bank well positioned to profit from an upturn in the
Scotia has long sought growth through its international
operations, which now account for 27% of the
bank’s global profits. But its focus...
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