TORONTO, Jan. 11, 2012 /CNW/ - Scotiabank has been named the "Best Trade
Finance Bank" in Canada by Global Finance magazine for the fifth year
in a row. The ranking will be announced in the February 2012 issue of
"We're pleased to be recognized as Canada's best trade finance bank by
Global Finance magazine," said Alberta G. Cefis, Executive
Vice-President & Head, Global Transaction Banking (GTB), Scotiabank.
"This award highlights Scotiabank's ongoing commitment to high quality,
innovative offerings and services that meet our clients needs wherever
they do business."
Scotiabank's GTB unit offers corporate and commercial clients integrated
business solutions to support operations in their country of origin and
"Clients appreciate our network in more than 55 countries which provides
them with significant flexibility," said Cefis. "The financial
solutions we offer include supply-chain financing, electronic banking
and payments and trade finance which help both our domestic and
Global Finance editors, with input from industry analysts, corporate
executives and technology experts, selected the best trade finance
providers based on transaction volume, scope of global coverage,
customer service, competitive pricing and innovative technologies.
"Now more than ever, the availability of trade finance at reasonable
prices is crucial to the health of the global economy," said Joseph D.
Giarraputo, publisher and president, Global Finance. "We have selected
the banks that are best serving the needs of corporations worldwide as
they engage in cross-border trade."
GTB works with commercial and corporate clients globally, to deliver
customer-centric trade services, correspondent banking, cash management
and payments, commercial cards, foreign exchange and investment
About Global Transaction Banking
Scotiabank's Global Transaction Banking (GTB) business provides
financial solutions to commercial and corporate clients domestically
and around the world. Scotiabank, through its Global Transaction
Banking (GTB) unit, currently offers a wide variety of supply-chain
financing services, including electronic banking and payments, trade
finance, commercial and business cards, foreign exchange and
correspondent banking. In partnership with Scotiabank's International
Banking Division and Scotia Capital, Scotiabank clients have access to
the Scotiabank network in some 55 countries as well as unmatched NAFTA
presence and unique footprint in the Americas.
Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With more than 75,000 employees,
Scotiabank Group and its affiliates serve some 19 million customers in
more than 55 countries around the world. Scotiabank offers a broad
range of products and services including personal, commercial,
corporate and investment banking. With assets above $575 billion (as at
October 31, 2011), Scotiabank trades on the Toronto (BNS) and New York
Exchanges (BNS). For more information please visit www.scotiabank.com.
SOURCE Scotiabank - Products
For further information:
Andrew Chornenky, Scotiabank Public Affairs, 416-866-4826, firstname.lastname@example.org