TORONTO, Jan. 13 /CNW/ - Scotiabank has been recognized as the Best Trade Finance Bank in Canada for the fourth year in a row by Global Finance.

"We are honoured to receive this award from Global Finance and to be recognized for our dedication to providing our clients with superior service and market intelligence," said Alberta G. Cefis, Executive Vice-President & Head, Global Transaction Banking (GTB), Scotiabank. "With an extensive network of branches and offices in more than 50 international markets, we understand the importance of providing local knowledge and expertise to help our clients meet their global trade needs."

Scotiabank's GTB unit offers corporate and commercial clients integrated business solutions to support operations in their country of origin and internationally.

"Customers are continuously looking for ways to reduce risk, increase their cash flow, and help buyers finance purchases," added Ms. Cefis. "Our strategic focus is to offer integrated global trade finance solutions to meet our clients' needs."

Global Transaction Banking partners with Canadian Banking, Scotia Capital and International Banking divisions to deliver customer-centric trade services, correspondent banking, cash management and payments, foreign exchange and investment solutions.

Scotiabank is one of North America's premier financial institutions and Canada's most international bank. With more than 70,000 employees, Scotiabank Group and its affiliates serve some 18.6 million customers in more than 50 countries around the world. Scotiabank offers a broad range of products and services including personal, commercial, corporate and investment banking. With assets above $526 billion (as at October 31, 2010), Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS). For more information please visit www.scotiabank.com.