TORONTO, June 4, 2013 /CNW/ - Scotiabank has been recognized as the Best
Overall Trade Bank in Central America and the Caribbean by Trade Finance Magazine for the fourth time in 5 years. In addition, Scotiabank was
highly commended by the magazine for placing second in the Best Trade
Bank in Canada category.
"We are honoured to accept this award from Trade Finance Magazine and would like to thank the readers for recognizing
Scotiabank's outstanding service," said Paul LeBlanc, Senior
Vice-President, Trade Services and Financial Institutions, Global
Transaction Banking (GTB), Scotiabank. "Receiving this award reinforces
Scotiabank's continued success and strength in Central America and the
Caribbean and our commitment to providing our clients with
industry-leading trade products and services around the world."
Scotiabank's GTB unit offers corporate and commercial clients integrated
business solutions to support operations in their country of origin and
"We are dedicated to providing our clients with expanded and integrated
trade finance solutions and we are proud to be recognized for our
expertise and capabilities in these regions," added Mr. LeBlanc.
The 2013 Best Overall Trade Bank Award represents a combination of
reader nominations and a market assessment carried out by Euromoney's Trade Finance Magazine.
Scotiabank's Global Transaction Banking (GTB) business provides
financial solutions including cash management, payments, trade finance
and correspondent banking services to commercial and corporate clients
domestically and around the world by drawing on more than 180 years of
banking experience to meet evolving client needs. Scotiabank, through
its Global Transaction Banking (GTB) unit, currently offers a wide
variety of domestic and cross-border trade finance solutions including
specialized vendor programs, cross-border buyer credits and subsidiary
Scotiabank is a leading multinational financial services provider and
Canada's most international bank. With more than 83,000 employees,
Scotiabank 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. In December 2012, Scotiabank became the first
Canadian bank to be named Global Bank of the Year and Bank of the Year
in the Americas by The Banker magazine, a Financial Times publication.
With assets of $754 billion (as at April 30, 2013), Scotiabank trades
on the Toronto (BNS) and New York Exchanges (BNS). For more information
please visit www.scotiabank.com.
For further information:
Devinder Lamsar at (416) 933-1171, or Devinder.firstname.lastname@example.org