TORONTO, July 12, 2023 /CNW/ - Scotiabank announced today that it is increasing its Canadian dollar prime lending rate to 7.20 per cent from 6.95 per cent, effective July 13, 2023.

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success 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 over 90,000 employees and assets of over $1.3 trillion (as at April 30, 2023), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit http://www.scotiabank.com and follow us on Twitter @Scotiabank.

For media enquiries only: Carina Ruas, Global Communications, 437-980-3745, carina.ruas@scotiabank.com

SOURCE Scotiabank