TORONTO, ON - April 29, 2016 /CNW/ - The Bank of Nova Scotia ("Scotiabank") announced today that it has completed the transaction, announced on April 19, to sell its business operations and assets of Roynat Lease Finance, a division of Roynat Inc. to Meridian Credit Union Limited. The transaction has met all of the regulatory requirements and is not material to Scotiabank.

About Scotiabank

Scotiabank is Canada's international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. We are dedicated to helping our 23 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 89,000 employees and assets of $920 billion (as at January 31, 2016), 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 and follow us on Twitter @ScotiabankViews.