TORONTO, ON - November 29, 2013 /CNW/ - Scotiabank has once again been named the Bank of the Year in Canada byThe Banker magazine, a Financial Times publication. This is the second consecutive year Scotiabank has received this honour from the magazine.

"We're thrilled to accept this award from The Banker magazine for maintaining a strong track record of delivering superior business results," said Anatol von Hahn, Scotiabank's Group Head of Canadian Banking. "This recognition is a testament to the hard work and dedication of our exceptional employees who strive to achieve the best for our customers and shareholders in Canada every day."

Scotiabank was also named Bank of the Year by The Banker in the British Virgin Islands, Trinidad & Tobago, Guyana and Jamaica. In 2012, The Banker named Scotiabank Global Bank of the Year -- a first for a Canadian bank -- and Bank of the Year in the Americas.

The Banker selects winners based on their ability to deliver shareholder returns and gain strategic advantage. The magazine is the world's longest running international banking magazine, recognized as a leading source of information on finance and investment around the globe.

Scotiabank has been recognized in Canada with numerous awards this year for its strength and stability as well as products and services, including:

• Best Workplaces in Canada for 2013 by the Great Place to Work® Institute
• Best Foreign Exchange (FX) Provider in Canada for 2013 by Global Finance magazine
• Best Consumer Internet Bank in Canada for 2013 by Global Finance magazine
• The Retail Banking Social Media Power 100 -- Scotiabank was recognized as the top Canadian bank for its social media presence in 2013 by The Financial Brand, a U.S.-based research firm.

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 21 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 $743 billion (as at July 31, 2013), Scotiabank trades on the Toronto (TSX:BNS) and New York Exchanges (NYSE: BNS). For more information please visit www.scotiabank.com.

Devinder Lamsar
Scotiabank Media Communications 
(416) 933-1171
devinder.lamsar@scotiabank.com