TORONTO, June 8, 2012 /CNW/ - For the third year in a row Scotiabank was today named Best International Trade Bank in Peru by Trade Finance magazine.

"Scotiabank's Global Transaction Banking (GTB) unit is honoured to receive this recognition from Trade Finance magazine for a third year in a row, underscoring our ongoing dedication to our customers and the highest standards of excellence," said Alberta G. Cefis, Executive Vice-President and Head, Global Transaction Banking (GTB), at Scotiabank. "GTB distinguishes itself by building long-standing relationships with its clients through integrated and seamless cross-border trade solutions. This client-focused operating philosophy is a cornerstone of our business."

The 2012 Global Trade Finance Awards for Excellence are based on a readers' poll. Voting is conducted through the Trade Finance magazine website.

"Scotiabank is grateful to the readers of Trade Finance magazine who acknowledged Scotiabank's outstanding array of products and services by voting for us again in this year's poll," said Paul LeBlanc, Senior Vice-President, Trade Services and Financial Institutions, GTB, at Scotiabank. "Scotiabank's continued success and strength in Latin America is a result of the Bank's dedication to providing our customers with relevant products and services."

Scotiabank Peru is the third-largest bank in Peru, with more than 10,000 employees, and 268 branches across the country. Scotiabank offers a full suite of trade finance products through an online delivery platform in Peru. Scotiabank Peru also offers a wide range of retail, commercial, treasury, corporate and investment services.   Scotiabank's Latin American footprint also includes operations in Peru, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Mexico, Panama, Puerto Rico and Venezuela. Scotiabank already has more than 32,000 employees, 2,605 ABMs and 1,889 branches, kiosks and other offices in the region, including affiliates.

Scotiabank is one of North America's premier financial institutions and Canada's most international bank. With more than 77,000 employees, Scotiabank and its affiliates serve some 19 million customers in more than 55 countries around the world. Scotiabank offers a broad range of products and services including personal, commercial, corporate and investment banking. With assets of $637 billion (as at January 31, 2012), Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS). For more information please visit www.scotiabank.com.