TORONTO, ON - December 04, 2014 /CNW/ - Scotiabank has been recognized for excellence in corporate reporting by the Chartered Professional Accountants of Canada (CPAC). CPAC announced the rankings of its annual corporate reporting review of TSX-listed companies during their 63^rd annual Awards of Excellence in Corporate Reporting gala yesterday evening.

Scotiabank was ranked among other financial institutions and received the Award of Excellence in Corporate Reporting in the financial services category for the fiscal 2013 reporting period.

"At Scotiabank, we work hard to make sure that our corporate reporting practices meet the expectations of regulators, our shareholders and our customers," said Sean McGuckin, Executive Vice President and Chief Financial Officer at Scotiabank, who accepted the award on behalf of the Bank. "We are committed to providing transparency and accountability in our corporate governance and financial and sustainability reporting."

The awards are decided by an independent panel of accredited judges, supported by the CPAC. The panel reviews the Annual Report, Management Proxy Circular, Corporate Social Responsibility Report, including the Investors & Shareholders section on Scotiabank.com, Message to Investors, Management's Discussion & Analysis and supplementary information, financial statements, third quarter interim financial report and fourth quarter earnings release.

"We commend the Chartered Professional Accountants of Canada for continuing to raise the bar on Corporate Financial Reporting in Canada, and extend our congratulations to all those who were recognized," said McGuckin.

About Scotiabank
Scotiabank is a leading financial services provider in over 55 countries and Canada's most international bank. Through our team of more than 86,000 employees, Scotiabank and its affiliates offer a broad range of products and services, including personal and commercial banking, wealth management, corporate and investment banking to over 21 million customers. With assets of $792 billion (as at July 31, 2014), Scotiabank trades on the Toronto (TSX: BNS) and New York (NYSE: BNS) Exchanges. Scotiabank distributes the Bank's media releases using CNW. For more information, please visit www.scotiabank.com.