Scotiabank receives top honours as best consumer internet bank and best corporate/institutional internet bank

TORONTO, Sept. 4, 2012 /CNW/ - Global Finance magazine recognized Scotiabank as the 2012 "Best Consumer Internet Bank" in Canada and 19 countries, and "Best Corporate/Institutional Internet Bank" in 15 countries. In addition, the Bank won multiple Canadian honours in subcategories for excellence in online presence.

"As Canada's most international bank, we are pleased to be recognized by Global Finance magazine here in Canada, the Caribbean and Latin America for our Internet banking services," said Sabi Marwah, Scotiabank Vice Chairman and Chief Operating Officer. "We are dedicated to constantly improving our customers' online experience and delivering high quality products and services wherever they choose to do business. This recognition is a testament to outstanding work and dedication our employees put into our recent redesign of Scotia OnLine and scotiabank.com."

Global Finance honours for Scotiabank also include:

• For North America for Consumer Internet Banks - "Best Online Deposit, Credit and Investment Product Offerings", "Best Integrated Consumer Bank Site", and "Best Information Security Initiatives".
• For North America for Corporate/Institutional Internet Banks - Best Online Cash Management and Best Trade Finance Services
• For Latin America - "Best Consumer Internet Bank" in Anguilla, Antigua and Barbuda, Bahamas, Barbados, Belize, British Virgin Islands, Cayman Islands, Dominica, Dominican Republic, Grenada, Guyana, Jamaica, St. Kitts and Nevis, St. Lucia, St. Maarten, St. Vincent and the Grenadines, Trinidad and Tobago, Turks and Caicos and the US Virgin Islands.
• For Latin America - "Best Corporate/Institutional Internet Bank" in Anguilla, Antigua and Barbuda, Belize, British Virgin Islands, Cayman Islands, Dominica, Grenada, Guyana, Jamaica, St. Kitts and Nevis, St. Lucia, St. Maarten, St. Vincent and the Grenadines, Turks and Caicos, and the US Virgin Islands.

"The online banking world is constantly evolving how banks and their customers interact," said Joseph D. Giarraputo, publisher of Global Finance. "Scotiabank has made a significant impact in serving their clients in many countries through their Internet offerings."

Global Finance editors, with input from a panel of judges at Infosys, selected the first round of winners based on factors such as the strength of strategy for attracting and servicing online customers, success in getting clients to use web offerings, range of product offerings and design and functionality of website.

All of the first round winners will be featured in the September issue of Global Finance and can be found on the magazine's website at www.gfmag.com.

About Scotiabank
Scotiabank is one of North America's premier financial institutions and Canada's most international bank. With more than 81,000 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 $670 billion (as at July 31, 2012), Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS). For more information please visit www.scotiabank.com.

SOURCE: Scotiabank