The Bank Of Nova Scotia (French: Banque De La Nouvelle-Écosse, TSX: BNS, NYSE: BNS, Referred To As Scotiabank; Banque Scotia) Is A Canadian Commercial Bank With Operations In 55 Countries Around The World. The Bank Of Nova Scotia Is The Third Largest Bank In Canada By Market Capitalization.

As Of October 31, 2023, The Bank Of Nova Scotia Had 947 Branches And 3,703 ATMs In Canada, Serving More Than 11 Million People And Business Customers. International Banking Services More Than 12 Million Retail, Corporate And Business Customers In More Than 15 Latin American Countries, Including Mexico, Peru, Colombia, Brazil, And Uruguay.

History The Bank Was First Established In 1832 In Halifax, Nova Scotia, And Is Currently Headquartered In Scotia Plaza, Toronto, Ontario. Scotia Mocatta, A Division Of The Bank Of Nova Scotia Specializing In The Trading Of Precious Metals And Their Derivatives, Has 340 Years Of Trading Experience And Was Purchased From Standard Chartered Bank In 1997.

March 12, 2010 Thanachart Bank, An Affiliate Of The Bank Of Nova Scotia In Thailand, Reached An Agreement With The Bank Of Thailand To Acquire A 48% Stake In Siam City Bank, Thailand's Sixth Largest Bank, For $984 Million. On January 19, 2012, It Acquired A 51% Stake In Banco Colpatria, The Fifth Largest Financial Group In Colombia, For A Total Of $1 Billion In Cash And Stock. In 2013, The Bank Of Nova Scotia Acquired ING Direct's Canadian Savings Business And Changed Its Name To Tangerine Bank In 2014. ING DIRECT Café Handles Some Simple Business In Major Cities.

In May 2017, The 100% Equity Auction Of The Bank Of Nova Scotia Berhad In Malaysia Was Acquired By Cathay United Bank (51%) And Cathay Life Insurance (49%), Two Subsidiaries Of Cathay Financial Holdings. The Transaction Amount Was 255 Million US Dollars, And The Settlement Was Completed In The Second Half Of The Year. In April 2018, Cathay United Bank, A Subsidiary Of Cathay Financial Holdings, And Cathay Life Insurance Announced Their Intention To Terminate The Acquisition Of 100% Stake In The Bank Of Nova Scotia Berhad In Malaysia. The Bank Of Nova Scotia Claimed That The Disruption Of This Transaction Did Not Affect The Company's Financing.

In 2018, The Bank Of Nova Scotia Acquired Montreal Investment Firm Jarislowsky Fraser. Also In 2018, The Bank Of Nova Scotia Completed The Acquisition Of BBVA Group's 68.19% Stake In BBVA Chile For 2.90 Billion Canadian Dollars, And BBVA Chile Was Merged Into Scotiabank Chile. In The Same Year, The Bank Of Nova Scotia Acquired MD Financial Management, Founded In 1957.

In June 2019, OFG Bancorp Announced That It Would Acquire All Branches Of The Bank Of Nova Scotia In Puerto Rico And The Territory Of The U.S. Virgin Islands As Part Of A $550 Million Cash Transaction.