TORONTO, ON - March 20, 2014 /CNW/ - Scotiabank has been named the 2013 Best Partner Bank in Trade and Supply Chain Finance in Europe and Central Asia by the International Finance Corporation (IFC), a member of the World Bank Group. The awards were presented at the IFC's 6th Annual Global Trade Partners Meeting on February 18-20, 2014 in Lisbon, Portugal.

"We are honoured to be recognized for this award by the IFC's Global Trade and Supply Chain Solutions team," said Alberta G. Cefis, Scotiabank's Executive Vice President and Head of Global Transaction Banking (GTB). "This award highlights Scotiabank's ongoing commitment to high quality, innovative offerings and services that meet the needs of our customers wherever they do business."

Scotiabank's GTB unit works with commercial and corporate customers globally, to deliver customer-centric trade services, correspondent banking, cash management and payments, commercial cards, foreign exchange and investment solutions.

"We are pleased to acknowledge Scotiabank for their innovation and extensive work to support the growth of emerging market trade, which has helped more countries and firms integrate into global supply chains," said Georgina Baker, IFC's Trade and Supply Chain Director.

Scotiabank's Global Transaction Banking (GTB) business provides financial solutions including cash management, payments, trade finance and correspondent banking services to commercial and corporate customers domestically and around the world by drawing on more than 180 years of banking experience to meet evolving customer needs. Scotiabank, through its Global Transaction Banking (GTB) unit, currently offers a wide variety of domestic and cross-border trade finance solutions including specialized vendor programs, cross-border buyer credits and subsidiary financing. For more information visit www.scotiabank.com.

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 83,000 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 $783 billion (as at January 31, 2014), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). Scotiabank distributes the Bank's media releases using CNW. For more information please visit www.scotiabank.com.

For additional information contact:
Scotiabank - Media Communications
Devinder Lamsar
devinder.lamsar@scotiabank.com
(416) 933-1171