July 22, 2014 10:27 AM ET

Banks

Company Overview of Scotiabank Trinidad and Tobago Limited

Company Overview

Scotiabank Trinidad and Tobago Limited, together with its subsidiaries, offers a range of banking and financial services to individuals, small and medium-sized businesses, and large corporations. The company operates through Corporate, Commercial, and Merchant Banking; Retail Banking; Insurance Services; and Other segments. It accepts various deposit products, such as saving accounts, business accounts, foreign currency business accounts, term deposits, and chequing accounts; provides loans, including lines of credit, mortgage loans, and credit line for business, as well as motor vehicle, home equity, car, student, and business term loans; and offers direct deposit, overdraft protection, and...

56-58 Richmond Street

Port of Spain,  

Trinidad & Tobago

Founded in 1906

Phone:

868-625-3566

Fax:

868-627-5278

Key Executives for Scotiabank Trinidad and Tobago Limited

Scotiabank Trinidad and Tobago Limited does not have any Key Executives recorded.

Scotiabank Trinidad and Tobago Limited Key Developments

Scotiabank Trinidad & Tobago Limited Reports Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended April 30, 2014

Scotiabank Trinidad & Tobago Limited reported unaudited consolidated financial results for the second quarter and six months ended April 30, 2014. For the quarter, the company reported net income of $105.488 million, compared to $127.837 million for the same period in 2013. Return on equity was 12.96% down from 16.71% in the comparative period last year. Return on assets also declined from 2.91% to 2.18% as at 30 April 2014. Earnings per share were 59.8 cents, compared to 72.5 cents in the comparative period last year. Income before tax was $138.756 million, compared to $166.487 million in the comparative period last year. Net interest income was $215.133 million, compared to $218.389 million in the comparative period last year. For the six months, the company reported net income of $249.7 million for the six months ended 30 April 2014, compared to $269.885 million, a decrease of $20.1 million or 7.5% over the same period in 2013. Return on equity was 15.26% down from 17.35% in the comparative period last year. Return on assets also declined from 3.02% to 2.57% as at 30 April 2014. Earnings per share were 141.6 cents, compared to 152.5 cents in the comparative period last year. Income before tax was $329.477 million, compared to $351.633 million in the comparative period last year. Net interest income was $438.780 million, compared to $443.125 million in the comparative period last year. Net cash from operating activities was $402.190 million, compared to $617.615 million in the comparative period last year. Purchase of property, plant and equipment was $6.710 million, compared to $31.566 million in the comparative period last year.

Scotiabank Trinidad and Tobago Limited Declares Interim Dividend Payable on July 10, 2014

Scotiabank Trinidad and Tobago Limited declares interim dividend of $0.40 per share payable on July 10, 2014 with a record date of June 11, 2014. Ex-dividend date of June 9, 2014.

Scotiabank Trinidad & Tobago Limited Announces Board Resignations

Scotiabank Trinidad & Tobago Limited announced that Mr. Philip Thomas, a Canadian national and executive member of management of Bank of Nova Scotia Limited, resigned from the Board of Directors of the company effective April 22, 2014. Mr. Thomas resigned following his appointment to a new role within the Bank of Nova Scotia, Canada as the Senior Vice President, Global Risk Management.

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