TORONTO, June 22 /CNW/ - Scotiabank has been recognized as the Best Trade
Bank in Central America and the Caribbean by Trade Finance Magazine.
Scotiabank becomes the first winner of this new award introduced in 2009.
"We are pleased to accept this new award from Trade Finance and would
like to thank the readers for supporting Scotiabank," said Alberta G. Cefis,
Executive Vice-President & Head, Global Transaction Banking (GTB), Scotiabank.
"Receiving this award underscores Scotiabank's strength and commitment to
providing our clients with industry-leading trade products and services. The
Bank operates in one of the best regulated, well-managed financial systems and
has remained among the best capitalized banks in the world, which also
provides our clients with the security they seek."
Scotiabank's GTB unit offers corporate and commercial clients integrated
business solutions to support operations in their country of origin and
"We are always working to provide our clients relevant and timely trade
solutions to help ensure the continued strength of their businesses throughout
these challenging times," added Ms. Cefis. "Our strategic focus is to offer
expanded and integrated trade capabilities worldwide to meet our clients'
needs wherever they do business."
The Best Trade Bank Award represents the opinions of over 10,000 readers
based on the services provided in selected trade sectors and regions. Readers
voted for the 2009 Best Trade Bank through the Trade Finance Magazine website
during April and May 2009. The Bank also tied for fourth in the category Best
Trade Bank in North America, the only Canadian Bank in the top five.
Scotiabank's Global Transaction Banking (GTB) business provides financial
solutions to commercial and corporate clients domestically and around the
world by drawing on more than 175 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 financing. In partnership with Scotiabank's International
Banking Division and its wholesale banking division, Scotia Capital, GTB has
an extensive network in some 50 countries as well as unmatched NAFTA presence
and a unique footprint in the Americas.
Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With close to 69,000 employees, Scotiabank
Group and its affiliates serve approximately 12.8 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 more than $513 billion in assets (as at April 30, 2009), Scotiabank
trades on the Toronto (BNS) and New York Exchanges (BNS). For more information
please visit www.scotiabank.com.
For further information:
For further information: Paula Cufre, Scotiabank Public Affairs, (416)