Scotiabank First Canadian-based Bank to offer Euro Savings Account

    TORONTO, Feb. 7 /CNW/ - Scotiabank today announced the launch of the Euro
currency savings account. The account offers customers who have a reason to
hold Euros a banking option and complements Scotiabank's existing range of
banking services.
    "As an international bank based in Canada, Scotiabank recognizes the
value of offering this account to customers with friends or family in Europe,"
said Gillian Riley, Managing Director, Term Deposits and Day to Day Banking,
Scotiabank. "By offering this account, we are able to meet the needs of our
personal banking customers. This is a further step in our commitment to
reflect the unique needs of multicultural communities through our banking
services, building on our recent money transfer pilot with Western Union.
    The Euro savings account services include cash withdrawals and deposits.
The Euro savings account can be opened by visiting any Scotiabank branch.
    "Scotiabank is pleased expand its suite of accounts with the addition of
the Euro savings account - it's all about offering customers a variety of
accounts to meet their banking needs," added Ms. Riley.

    Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With more than 60,000 employees, Scotiabank
Group and its affiliates serve approximately 12.5 million customers in some 50
countries around the world. Scotiabank offers a diverse range of products and
services including personal, commercial, corporate and investment banking.
With $412 billion in assets (as at October 31, 2007), Scotiabank trades on the
Toronto (BNS) and New York Exchanges (BNS). For more information please visit

For further information:

For further information: Patty Stathokostas, Scotiabank, (416) 866-3625

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