About Scotiabank
Scotiabank is a company based in Toronto (Canada) founded in 1832.. The company has 88,490 employees as of October 31, 2024. Scotiabank has completed 12 acquisitions, including Aurion Capital Management, Cencosud Bank and Colfondos. Scotiabank offers products and services including Personal Banking, Business Banking, Wealth Management, and Insurance. Scotiabank operates in a competitive market with competitors including Axis Bank, Metro Bank, Bandhan Bank, HDFC Bank and Alpha Bank, among others.
- Headquarter Toronto, Canada
- Employees 88490 as on 31 Oct, 2024
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Bank Of Nova Scotia
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Annual Revenue
$52.09 B (USD)7.52as on Oct 31, 2024
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Net Profit
$5.39 B (USD)5.72as on Oct 31, 2024
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EBITDA
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Latest Funding Round
$30.89 M (USD), Debt – Conventional
Jan 31, 2025
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Investors
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Employee Count
88490
as on Oct 31, 2024
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Investments & Acquisitions
Aurion Capital Management
& 11 more
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IPO & Listings of Scotiabank
Scotiabank is a publicly listed company on the TSX with ticker symbol BNS in Canada, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Scotiabank
Scotiabank offers a comprehensive portfolio of products and services, including Personal Banking, Business Banking, Wealth Management, and Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides financial accounts and loans for individuals
Offers financial solutions for company operations
Manages investments and assets for clients
Delivers coverage for personal and business risks
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Software Development Team
140 people
Leadership Team
111 people
Data Analysis and Operations Team
41 people
Senior Team
34 people
Product Management Team
30 people
Human Resources and Administration
22 people
Operations Team
20 people
Sales and Marketing
19 people
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Funding Insights of Scotiabank
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $30.9M
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First Round
First Round
(31 Jan 2025)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2025 | Amount | Debt – Conventional - Scotiabank | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Scotiabank
Scotiabank has strategically engaged in corporate development activities, having acquired 12 companies. Notable acquisitions include Aurion Capital Management, Cencosud Bank and Colfondos. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Commercial banking services are provided to customers in Peru.
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2012 | ||||
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Savings and deposit services are provided by NBG Bank.
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2008 | ||||
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Personal loans are provided to individuals in Uruguay.
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1997 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Scotiabank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Scotiabank Comparisons
Competitors of Scotiabank
Scotiabank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Axis Bank, Metro Bank, Bandhan Bank, HDFC Bank and Alpha Bank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of a commercial banking services
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| domain | founded_year | HQ Location |
Commercial banking services are provided in the United Kingdom.
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| domain | founded_year | HQ Location |
Personal and business banking services are offered to underbanked markets.
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| domain | founded_year | HQ Location |
Commercial and personal banking services are offered by HDFC Bank.
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| domain | founded_year | HQ Location |
Alpha Bank is recognized as a leading financial institution in Greece.
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| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Scotiabank
Frequently Asked Questions about Scotiabank
When was Scotiabank founded?
Scotiabank was founded in 1832 and raised its 1st funding round 193 years after it was founded.
Where is Scotiabank located?
Scotiabank is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
How many employees does Scotiabank have?
As of Oct 31, 2024, the latest employee count at Scotiabank is 88,490.
What is the annual revenue of Scotiabank?
Annual revenue of Scotiabank is $52.09B as on Oct 31, 2024.
What does Scotiabank do?
Scotiabank was founded in 1832 in Toronto, Canada, where its headquarters are located. As a major commercial bank, operations are conducted across financial services including retail banking, wealth management, and corporate lending. In 2022, annual revenues of 40.24 billion were recorded, alongside a net profit of 6.88 billion. Activities span Canada and international markets in the Americas, Europe, and Asia.
Who are the top competitors of Scotiabank?
Scotiabank's top competitors include Metro Bank, Truist and Yes Bank.
What products or services does Scotiabank offer?
Scotiabank offers Personal Banking, Business Banking, Wealth Management, and Insurance.
Is Scotiabank publicly traded?
Yes, Scotiabank is publicly traded on TSX under the ticker symbol BNS.
How many acquisitions has Scotiabank made?
Scotiabank has made 12 acquisitions, including Aurion Capital Management, Cencosud Bank, and Colfondos.
What is Scotiabank's ticker symbol?
The ticker symbol of Scotiabank is BNS on TSX.
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