Scotiabank completes sale of its operations in the Caribbean to Republic Financial Holdings Limited

TORONTO, Nov. 1, 2019 /CNW/ - Scotiabank announced today that it has completed the previously announced sale of its banking operations in Anguilla, Dominica, Grenada, St. Kitts & Nevis, St. Lucia, St. Maarten and St. Vincent & the Grenadines to Republic Financial Holdings Limited ("RFHL").

The Bank of Nova Scotia (CNW Group/Scotiabank)

This transaction supports the Bank's strategic decision to focus on operations across its international footprint, where it can achieve greater scale and deliver the best value for customers.

RFHL is a leading financial institution based in Trinidad & Tobago with operations across the Caribbean.

About Scotiabank

Scotiabank is Canada's international bank and a leading financial services provider in the Americas. We are dedicated to helping our more than 25 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 100,000 employees and assets of over $1 trillion (as at July 31, 2019), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit and follow us on Twitter @ScotiabankViews.

SOURCE Scotiabank

For further information: For media enquiries only: Clancy Zeifman, Global Communications, Scotiabank,, PH: (416) 933-1864; For investor enquiries only: Philip Smith, Investor Relations, Scotiabank,, PH: (416) 863-2866