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

TORONTO, Aug. 2, 2013 /CNW/ - Global Finance magazine recognized Scotiabank as the 2013 Best Consumer Internet Bank in Canada and 21 countries, and Best Corporate and Institutional Internet Bank in 17 countries. In addition, the Bank won multiple honours in regional subcategories for excellence in online and mobile presence.

"As Canada's most international bank, Scotiabank is honoured to be recognized by Global Finance magazine here in Canada and abroad for our Internet banking services," said James McPhedran, Executive Vice President, Retail Distribution, Canadian Banking, Scotiabank. "This recognition is a testament to the ongoing commitment Scotiabank's employees have to continually improving our customers' banking experience, wherever they choose to do business, by developing and delivering high quality products and services globally."

In 2012, Scotiabank won the global title of World's Best Consumer Internet Bank in North America and Latin America, including the Caribbean, by Global Finance magazine. The Bank was also named Global Bank of the Year and Bank of the Year in the Americas in 2012 by The Banker Magazine, a Financial Times publication.

"We are honoured to be recognized by Global Finance with these prestigious awards," said Alberta G. Cefis, Executive Vice-President & Head, Global Transaction Banking, Scotiabank. "We have strategically increased our international footprint significantly in Latin America and the Caribbean over the past few years, and these awards reflect the outstanding effort and dedication our employees put into improving our customers' online experience and to delivering high quality products and services."

2013 Global Finance honours for Scotiabank include:

• For North America - "Best Consumer Internet Bank" in Canada, plus regional subcategory winner for "Best Online Deposit, Credit and Investment Product Offerings", "Best Integrated Consumer Bank Site",  "Best in Mobile Banking" and "Best Web Site Design."
  
  
• For Latin America - "Best Consumer Internet Bank" in Anguilla, Antigua & Barbuda, Bahamas, Barbados, Belize, British Virgin Islands, Cayman Islands, Costa Rica, Dominica, Dominican Republic, Grenada, Guyana, Jamaica, Panama, St. Kitts & Nevis, St. Lucia, St. Maarten, St. Vincent & the Grenadines, Trinidad & Tobago, Turks & Caicos and the US Virgin Islands.
  
  
• For Latin America - "Best Corporate/Institutional Internet Bank" in Anguilla, Antigua & Barbuda, Barbados, Belize, British Virgin Islands, Cayman Islands, Dominica, Grenada, Guyana, Haiti, Puerto Rico, St. Kitts & Nevis, St. Lucia, St. Maarten, St. Vincent & the Grenadines, Turks & Caicos, and the US Virgin Islands. "Best Online Cash Management" honours went to Scotiabank in the regional subcategory.

"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 services."

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, growth of online customers, breadth of product offerings, evidence of tangible benefits gained from Internet initiatives and web site design and functionality of website. Subcategory winners were selected based on the relative strength and success of those web products and services.

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

About Scotiabank
Scotiabank is a leading multinational financial services provider and Canada's most international bank. With more than 83,000 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. In December 2012, Scotiabank became the first Canadian bank to be named Global Bank of the Year and Bank of the Year in the Americas by The Banker magazine, a Financial Times publication. With assets of $754 billion (as at April 30, 2013), Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS). For more information please visit www.scotiabank.com.

SOURCE Scotiabank