TORONTO, Nov. 29, 2019 /CNW/ - Scotiabank has been
named the Canadian Bank of the Year for 2019 by The Banker
magazine, a Financial Times publication. The award highlights those
banks that have achieved industry-wide excellence within the
banking community.
"We are very pleased to be named this year's Bank of the Year in
Canada by The Banker," said
Brian Porter, President and Chief
Executive Officer of Scotiabank. "This award is a recognition of
the many efforts we have undertaken in recent years to position our
Bank for a strong future in Canada, and in each of our key markets and
businesses."
Over the past several years, Scotiabank has successfully
repositioned itself through a series of strategic acquisitions and
divestitures, both in Canada and
in core international markets, to focus the Bank's footprint and
strengthen its business mix. This work has allowed Scotiabank to
add new customers, grow earnings, achieve greater scale across its
key markets and reduce operational risk.
This year's award acknowledges the Bank's investments in digital
and technology to deliver innovative solutions that elevate the
customer experience. Earlier this year, Scotiabank launched a new
mobile banking app for Canadian customers, leveraging actual user
feedback to deliver an improved overall experience. The Scotia
mobile banking app is now the top rated financial app in
Canada on both the Apple Store and
on Google Play. The Bank's investments are also making a difference
in key customer touchpoints like onboarding in our Canadian retail
and commercial businesses.
The award also recognizes Scotiabank's leadership in executing
an ambitious digital strategy enabled by PLATO, an innovative cloud development
platform that is accelerating the Bank's technology transformation.
PLATO is an integrated set of
technical products that enable Scotiabank to develop cloud-based
applications faster, accelerating the time-to-market for
personalized digital innovations that are transforming the customer
experience.
Scotiabank's commitment to environmental, social, and governance
topics through its Sustainable Business Strategy is also reflected.
The Bank believes that its long-term success is interwoven with the
world around it. Just this month, Scotiabank announced that it
will mobilize $100 billion by 2025 to
reduce the impacts of climate change.
Scotiabank received the award at a ceremony held last night in
London, United Kingdom. The Bank
also took home wins for its businesses in The Bahamas and in Trinidad & Tobago.
About Scotiabank
Scotiabank is a leading bank in Canada and a leading financial services
provider in the Americas. We are here 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 more than 100,000 employees and
assets of over $1
trillion (as at October 31, 2019), 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