•    Scotiabank Named Best Consumer Internet Bank in Twenty Caribbean Countries
•    Scotiabank St. Maarten Named Best Corporate/Institutional Internet Bank

TORONTO, Aug. 27 /CNW/ - Scotiabank has been named the "Best Consumer Internet Bank" in twenty Caribbean countries by a major international financial magazine. Global Finance also recognized Scotiabank St. Maarten with the "Best Corporate/Institutional Internet Bank" award in its World's Best Internet Banks competition in Latin America. The rankings will be published in the September 2010 issue of Global Finance.

"We are honoured that Global Finance has recognized Scotiabank's breadth of Internet services with 21 awards that span the Caribbean and Latin America," said Claude Norfolk, Senior Vice President, International Banking, Caribbean, Scotiabank. "Our priority is to maintain this level of world-class service as we continue to develop our Internet services and meet the evolving needs of customers." 

The awards pay tribute to the most successful and innovative online banks throughout the world. Judging criteria is based on strength of strategy for attracting and servicing online customers, success in getting clients to use web offerings, growth of online customers, scope of product offerings, evidence of tangible benefits gained from Internet initiatives and web site design and functionality.

"We are thrilled to accept the recognition from Global Finance for our Internet Banking services," said Kim McKenzie, Executive Vice President, Information Technology & Solutions, Scotiabank. "Providing customers across the Caribbean and Latin America with a first-class option is a priority for Scotiabank and this recognition is a testament to the success of our efforts."

"In less than a decade, the Internet has transformed the way many consumers and most businesses bank," says Joseph D. Giarraputo, publisher of Global Finance. "The continuing improvements in Internet offerings represented by this year's entries show that more significant Internet banking developments are still ahead of us."

About Scotiabank
Scotiabank is one of North America's premier financial institutions and Canada's most international bank. With close to 68,000 employees, Scotiabank Group and its affiliates serve approximately 14.6 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 $526 billion in assets (as at April 30, 2010), Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS). For more information please visit www.scotiabank.com.