Scotia Daily News

Scotiabank King Street Joins downtown merchants with loan sale

admin — Mon, 26 Jul 2010 16:42:44 +0000

Scotiabank King Street has been a part of downtown Kingston for over 100 years. And as the 'mother' branch of one of the island's largest financial organisation, it has decided to fit into the foray of discount and bargain shopping that downtown has been known for with a huge red tag sale on loans, Scotia announced in a press release.

Scotiabank 'A', General Accident hunt wins in Business House netball

admin — Mon, 26 Jul 2010 16:41:36 +0000

July 24, 2010 - DEFENDING champions Scotiabank 'A' and General Accident will both seek to end their preliminary round unbeaten as they go in search of victories as the WISYNCO (WATA)-sponsored 2010 Business House Open league netball competition continues today at the Leila Robinson Courts, starting at 3:30 pm.

Scotiabank 'A', who currently lead Group One with nine points, should not have too many problems in scoring an easy win over HEART Trust/NTA at 5:15 pm.

Scotia pleased with cheque ID policy

admin — Wed, 21 Jul 2010 15:09:33 +0000

SCOTIABANK Jamaica says it is very pleased with a policy that requires two valid identifications from non-account holders to cash a cheque, despite being the only commercial bank to have such a requirement.

Scotia, in response to a Business Observer query, said the policy was implemented October 2008 "...in response to the element of risk associated with fraudulent IDs which are quite prevalent... The requirement for two pieces of ID is intended to reduce or eliminate this risk."

Scotia loan fund oversubscribed

admin — Mon, 19 Jul 2010 16:20:01 +0000

SMALL and medium-sized enterprises (SMEs) grabbed up lower-cost loans made available through Scotiabank Jamaica's Productive Sector Growth Fund (PSGF), launched last October, while the high demand pushed the bank to approve more than the $500 million it put aside for the lending facility.

Scotiabank 'A' and 'B' unbeaten in BH netball

admin — Mon, 19 Jul 2010 16:10:23 +0000

Defending champions Scotiabank 'A' continued their unbeaten run in the Business House Netball Association Open League when they crushed Housing Agency of Jamaica 59-2 at the Leila Robinson Courts recently.

Goal shooter Marsha Murphy scored 51 goals, while Viola Francis-Cummings supported with eight. Scotiabank 'A' are unbeaten in three matches, having slammed Gleaner and Lasco in their two previous matches.

Scotiabank Highgate Branch Donate Nursing Scrubs to Local Hospital

admin — Fri, 16 Jul 2010 20:18:41 +0000

Members of staff from Scotiabank’s Highgate branch donated $700,000 worth of nursing scrubs to the Port Maria and Annotto Bay hospitals on Thursday July 8, 2010. The Scotiabank team was responding to an appeal from the North East Regional Health Authority for a donation of apparel to be worn by the operating and nursing teams. The facilities have been experiencing a shortage for the several months and this has hampered their effective delivery of health care.

EUROMONEY Magazine names Scotiabank - Best Bank in Jamaica

admin — Fri, 16 Jul 2010 20:14:27 +0000

Kingston, Friday, July 9, 2010: At a gala dinner in London last night, Euromoney announced the winners of its Awards for Excellence – the most prestigious awards in the global banking industry. The dinner was attended by 450 of the leading bankers and investment bankers from around the world.

Scotiabank Jamaica was awarded the title of Best Bank in Jamaica, and is the only Scotiabank location in Latin America and the Caribbean to receive an award this year.

SCOTIABANK & MOH JOIN CARIBBEAN IN REGIONAL HIV TESTING DAY 2010

admin — Fri, 16 Jul 2010 20:13:12 +0000

- Offers Free HIV Testing at Scotiabank King Street – July 9, 2010

Scotiabank & Food For the Poor Hand Over New Basic School

admin — Fri, 16 Jul 2010 20:11:46 +0000

- House Students from two Previous Schools in New Ground Clarendon

On Thursday July 9, 2010 Scotiabank Jamaica and Food For The Poor officially handed over the newly built Alexandria Hope Basic School, to the community of New Ground Clarendon. The school was constructed on April 16 by Scotia Volunteers and Food for the Poor in an intense one day work venture on April 16, 2010 in New Ground. The school will house 50 students who were previously from two basic schools which were housed in two extremely dilapidated structures.

Scotiabank Jamaica Foundation Awards 26 Outstanding GSAT Performers

admin — Fri, 16 Jul 2010 20:09:10 +0000

- Grants 10 new scholarships to West Kingston Students

The Scotiabank Jamaica Foundation will this year be granting $11,385,000 in Scotia Foundation Shining Star Scholarship to 26 new outstanding GSAT students to finance their education over their high school life. The scholarships will fund their tuition fees and other academic expenses as a reward for their excellent performance in the recent March examinations. These scholars will join another 102 existing scholars in the Scotia Foundation Scholars Club.

SUCCESS FROM A HUMBLE BEGINNING

admin — Fri, 16 Jul 2010 20:03:09 +0000

-The story of a Scotiabank Scholar & Inner-city Genius- Locksley Wallace

Locksley Wallace, a 19 year old resident of the Central Village community is a true testimony that hard work, dedication and determination does pay off. This 2nd year chemical engineering student of Kettering University in Michigan is pursuing a Bachelor’s Degree in Chemical Engineering while working at JPS as an intern.

Local SMEs Get Overseas Technical Assistance To Grow

admin — Fri, 16 Jul 2010 19:59:08 +0000

- Through Scotiabank, Mona School of Business and Inter-American Investment Corporation IIC partnership

Over 100 entrepreneurs operating small and medium enterprises operating across the island will be participating in a business diagnostic and technical assistance programme developed by the Inter-American Investment Corporation, and arm of the Intern-American Development Bank geared at helping them to ability to assess their business, improve their overall operational competitiveness and access financing.

Scotiabank King Street Joins Downtown Merchants with Loan Sale

admin — Fri, 16 Jul 2010 19:57:28 +0000

- Branch Fits in with Downtown bargain shopping

June 29, 2010: Scotiabank King Street has been a part of downtown Kingston for over 100 years. As the ‘mother’ branch of one of the island’s largest financial organisation, King Street has decided to fit into the foray of discount and bargain shopping that downtown has been known for….with a huge red tag sale on loans!! And yes they have donned their storefront banners, red polo shirts and hit the pavement to promote their discounted loans which ‘shoppers/customers’ can access through the branch.

Scotiabank Launches Mobile Banking

admin — Fri, 16 Jul 2010 19:54:52 +0000

• Greater Convenience and Simplicity for customers

KINGSTON - June 22, 2010: – Scotiabank customers in Jamaica, Barbados, Trinidad and the Bahamas can now use their mobile phones with internet access to check their account balances, pay bills, transfer funds and make credit card payments. This new Mobile Banking service which is expected to dramatically enhance Scotiabank’s service delivery was launched in Jamaica last Sunday, June 20, following earlier launches in the other Caribbean islands.

Young Blood for the World!

admin — Fri, 16 Jul 2010 19:51:01 +0000

– Scotiabank & Bloodbank Appeal to Youth for 2010 Blood Drive

June 8, 2010 - ‘Four hundred units in two days’ – that’s the target of the Scotiabank Annual Blood Drive to mark World Blood Donor Day 2010. The Scotiabank Group is partnering with the Blood Bank for the second year in a row, having launched its inaugural drive last year 2010 and collecting 570 units of blood over a one week period.

Scotiabank Launches Go Green Campaign

admin — Fri, 16 Jul 2010 19:48:53 +0000

Scotiabank today unveiled a five pronged strategy to launch their Scotia Goes Green campaign. Just over $4,658,010 will be invested in projects that are focussed on recycling plastic bottles, reusing or the repurposing of newspaper and other paper products, the replanting of green areas in schools and coastal clean ups across the island. These initiatives that are all aimed at protecting and revitalising the environment will begin labour day 2010.

What can Greece Learn from Jamaica?

admin — Fri, 16 Jul 2010 19:47:12 +0000

Several months ago a yawning fiscal deficit, spiraling financing costs and a closed capital market threatened a full blooded economic disaster in Jamaica. A number of rating downgrades coupled with a very unstable currency added to the frustration of Jamaicans. The country needed a “game changing” event since the often adopted “muddle through” option was no longer available or applicable to a very bad economic backdrop. Taking the ‘bull by the horn’, the Jamaican economy took its first stride on its path to emerge from its fiscal woes.

SCOTIA Supports Inner-city Kids with Mentorship Programme

admin — Fri, 16 Jul 2010 19:44:09 +0000

- Staff Volunteer in Big Brother Big Sister Initiative

While many Jamaicans often use their Sundays to do their routine weekly chores, or get some well needed R&R, a group of employees of Scotiabank take this time to regularly bond and lyme with a few youngsters whom they were mentor through the Scotiabank’s Big Brother Big Sister Mentorship Programme.

Scotiabank HIV Debates Stage Regional Finals

admin — Fri, 16 Jul 2010 19:42:50 +0000

- Progamme in Final Year; Changes Lives Forever

Scotiabank Donates Bus to the Jamaica Red Cross

admin — Fri, 16 Jul 2010 19:40:40 +0000

April 20, 2010 - Scotiabank Jamaica today handed over a brand new Nissan Caravan to the Jamaica Red Cross to replace the organization’s bus which was stolen by criminal elements in October 2008. Since then, the organization has been conducting it outreach initiatives with a vehicle which was on loan to the organization.

Scotia Volunteers Build Basic School For Children Without A School House in Clarendon

admin — Fri, 16 Jul 2010 19:36:38 +0000

Going to school for 50 small children at the Alexandria and Hope Basic Schools in New Ground Clarendon is an exciting adventure, as with all children their age. They are oblivious to the fact that it’s a cellar in the principal’s home and a changing room in the community centre that’s “school”. Teachers and students in the changing room deal with a leaking roof, no windows, no doors and rough concrete floors which left the children with several bruises when they fall.

Scotiabank Breakfast Feeding in Schools Gets the ‘A’ Grade From Principals

admin — Fri, 16 Jul 2010 19:31:28 +0000

Grade 6 students Rashade and Sapphire are not the typical 12 year olds living in an inner city community. They are brilliant straight ‘A’ students with exemplary behavior destined for a big break in life! This says, Cecile Palmer, their principal at Holy Family Primary, an inner-city school located in Central Kingston where despite the harsh economic circumstances parents, students come to school daily, are fed a balanced meal and perform exceptionally well. At least, all the students in the Scotiabank sponsored breakfast feeding programme!

New hope in New Ground

admin — Thu, 15 Jul 2010 15:53:05 +0000

Pearnel Charles (left), member of parliament for North Central Clarendon, joins Scotiabank President and CEO Bruce Bowen (centre) and Wayne Hewitt, senior vice-president of corporate and commercial banking, in unveiling the sign of the newly constructed Alexandria Hope Early Childhood institution in New Ground. - Contribute

Scotiabank Jamaica and Food For The Poor officially handed over the newly built Alexandria Hope Basic School to the community of New Ground, Clarendon, last week.

Inner-city students lauded by Scotia

admin — Wed, 14 Jul 2010 21:39:48 +0000

Joylene Griffiths Irving, director, public corporate and government affairs of Scotiabank

A group of inner-city students, still struggling to recuperate from the recent traumatic events in west Kings-ton, have been honoured for their outstanding educational achievements.

Ten students from schools in the area, who outshone their colleagues in the Grade Six Achievement Test (GSAT), will benefit from the Scotiabank inner-city scholarship programme, valued at $450,000.

Scotia launches into mobile internet banking

admin — Wed, 23 Jun 2010 16:51:20 +0000

JOHNSTON... we do expect it to be one of the primary channels that our customers will use

SCOTIABANK has announced the launch of its mobile banking platform aimed at meeting increasing consumer demand to bank on the go.

Youths support blood bank

admin — Mon, 21 Jun 2010 17:04:53 +0000

Scotia Group Jamaica continues to grow

admin — Mon, 21 Jun 2010 16:56:44 +0000

BOWEN...Obviously the biggest impact has been the JDX and the economy. I am pleased with what we have achieved in view of all of that.

Deposits increase in Q2

The implementation of the Jamaica Debt Exchange (JDX) and a contracting economy has not cooled the ardour of the country's largest banking entity to aggressively grow all lines of business.

Youth urged to donate blood

admin — Fri, 18 Jun 2010 15:24:48 +0000

Young people, 17 years and over, who are fit enough to donate blood, will have the opportunity to do so at either of two blood drives planned by the National Blood Transfusion Service (NBTS) and Scotiabank to observe World Blood Donor Day 2010.

World Blood Donor Day will be observed today under the theme, 'New Blood for the World', which is in keeping with the United Nations Proclamation of 2010 as the International Year of the Youth.

The first of the two blood drives was held on June 14, 2010 at the Girl Guides Association, Waterloo Road, Kingston 10, at 10 a.m.

Scotiabank claims success with HIV/AIDS education programme

admin — Thu, 17 Jun 2010 19:23:16 +0000

WHAT started out as a debating competition to educate children about HIV/AIDS, blossomed into a movement in which people of all ages were empowered to voice their concerns on a range of healthy lifestyle issues, and learned many important lessons in the process.

But after completing its fourth year, Scotiabank Group last Friday called time on its popular Speak Up! Speak Out! education programme, stating that it had completed its objective of sensitising thousands of youngsters and their families about HIV/AIDS, and armed them with the skills and confidence to make their views known.

Scotiabank JNBS draw

admin — Wed, 02 Jun 2010 20:46:23 +0000

Scotiabank Group and Jamaica National Building Society (JNBS) played to a 2-2 draw in a Western Sports Kingston and St Andrew Business House Division One match on Sunday. Stefan Bartley (12th) and Donovan Hibbert (37th) were the scorers for ScotiaBank while Kinario Williams (5th) and Kirk Powell (66th) scored for JNBS.

Scotiabank Group cop One-Day Challenge trophy

admin — Wed, 02 Jun 2010 20:43:49 +0000

Elvis Clarke (left) from sponsors Western Sports and Emelio Clarke (2nd right) of Catherine’s Peak present the One-Day Challenge Trophy to captain Damion Gordon of Scotiabank Group. (Photo: Joyce Fletcher)

SCOTIABANK Group defeated Peak Bottling 2-0 to cop the Catherine's Peak/Western Sports One-Day Five-A-Side trophy and $30,000 last Saturday at the NWC playing field, Mona.

Scotia pumps more than $4.5 million into 'green' projects

admin — Wed, 02 Jun 2010 17:20:10 +0000

Joylene Griffiths Irving (from left), director of public, corporate and government affairs at Scotiabank, shares a “tree” moment with students Shanece Reid, Troy Cardoza and Vachell Sinclair, of Mona Primary and Mona High schools; and Stephanie Donaldson of the Forestry Department. (Photos: Karl McLarty)

SCOTIABANK is to pump more than $4.5 million into a raft of initiatives geared at protecting and/or revitalising Jamaica's environment.

Scotiabank reduces base lending rate

admin — Fri, 21 May 2010 14:10:09 +0000

EFFECTIVE June 1, 2010 Scotiabank Jamaica will reduce its base lending rate by over 200 basis points to 17.75 per cent. This will be the bank's lowest base lending rate in five years as well as the lowest lending rate among the major commercial banks locally.

More funding for farms

admin — Tue, 04 May 2010 14:50:11 +0000

Dr Marc Panton, Chief Technical Director in the Ministry of Agriculture and Fisheries.- Jamaica Gleaner File

The Ministry of Agriculture and Fisheries last week signed an agreement with Scotiabank Jamaica that opens a J$100 million loan window for farmers of 'cash crops' on concessionary terms over eight months.

Tips to effective credit card management

admin — Tue, 04 May 2010 14:43:25 +0000

A credit card is neither inherently good nor bad, it's just a matter of how you use it.

Indeed, owning a credit card offers numerous benefits; count among them purchasing power, convenience and safety. But these benefits can come at a very high cost as the interest rates on credit cards run up to over 40 per cent in Jamaica. Therefore, you must learn how to use one to your benefit, but this requires diligence and discipline.

Sunday Finance compiled a number of tips to help you take care of your credit card expenses in a frugal way.

Book-drive countdown begins on Saturday

admin — Fri, 30 Apr 2010 20:14:06 +0000

The Rotary Clubs of Jamaica will officially launch its Guinness World Record-breaking attempt this Saturday to collect more than 242,624 books in seven days.

The week launches on Saturday with a kids' day, and entertainment for children, including face painting, puppet shows, story time, yoga, among others.

As one of the main sponsors, Scotiabank has been busy rallying staff to collect books, and have committed volunteers to help with the counting each day. It will also organise a handover event next Tuesday at Emancipation Park to coincide with Read Across Jamaica Day.

Scotiabank Launches New Farm Fund - In Partnership with MOA & Fisheries

admin — Fri, 30 Apr 2010 15:20:22 +0000

Kingston, Jamaica, April 29, 2010 – Scotiabank is launching a $100 million Farm Loan Fund to assist small farmers with planting cash crops for local consumption. The Fund will provide loans at a concessionary rate of 9.95% as part of the Ministry of Agriculture and Fisheries’ F.A.R.M. (Financial Access for Responsible Members) Programme.

Scotia pumps $2.8m into prep cricket

admin — Fri, 30 Apr 2010 15:02:57 +0000

My Kingston - Wayne Hewitt

admin — Mon, 26 Apr 2010 19:37:45 +0000

Wayne Hewitt, Senior Vice-President - Corporate & Commercial Banking, Scotiabank

What are your earliest memories of Kingston?
Going with my family to Rockfort Mineral Bath or to Harbour View Drive-In. But my fondest memories are having my grandmother's fantastic dinners (stew peas being my favourite) after school at her home in Vineyard Town.

What do you miss when you are not in Kingston?

Cocktails With... Anya Schnoor

admin — Mon, 26 Apr 2010 19:31:41 +0000

Ahead of catching a flight, Anya Schnoor, CEO of Scotia DBG Investments Limited, is in chill mode sipping bubbly at Bin 26... we're catching up with the corporate chicster as she talks of her brand and its new association with polo.

What are you sipping?
Ruinart Brut... I love this champagne.

Scotiabank has sponsored the Jamaica Polo season 2010. What's the synergy?

Basic school rebuilt

admin — Mon, 26 Apr 2010 19:27:56 +0000

NEW GROUND, CLARENDON:

Students, teachers and members of the New Ground community in northcentral Clarendon now have a new basic school in their area.

The school was constructed last Saturday by representatives from the Bank of Nova Scotia, Canada, Jamaica, Trinidad, Panama and a number of other branches around the Caribbean. Food For The Poor was there to chip in, along with scores of residents.

Volunteers build basic school in Clarendon

admin — Fri, 23 Apr 2010 19:10:53 +0000

For 50 small children at the Alexandria and Hope basic schools in New Ground, Clarendon going to school is an exciting adventure, as with all children their age.

They are oblivious to the fact that it is a cellar in the principal's home and a changing room in the community centre that is "school".

Scotiabank donates bus to the Jamaica Red Cross

admin — Wed, 21 Apr 2010 18:57:17 +0000

Scotiabank Jamaica this morning handed over a brand new Nissan Caravan to the Jamaica Red Cross to replace the charity’s old bus which was stolen in October 2008.

Since then, the Red Cross had been conducting its outreach activities with a loaned vehicle.

Scotiabank’s donation will help the Red Cross conduct its meal on wheels programme which feeds over 100 street people throughout the Corporate Area.

Argentine players to grace Scotia polo event

admin — Fri, 16 Apr 2010 21:16:23 +0000

FOUR top players from Argentina will match skills with local competitors at this year's Scotia Private Client Group Jamaica Open Polo Tournament between April 20-25 at the Kingston Polo Club.

Four teams will participate in the equestrian event, which is sponsored to the tune of US40,000 (approx J$3.5m) by Scotia Bank.

Argentina, arguably the top Polo country in the world, will see four of its players participating on three of the teams.

Scotiabank to improve school breakfast programme

scotia — Tue, 13 Apr 2010 19:10:28 +0000

Scotiabank will, over the next two years, undertake changes to its school breakfast programme, as part of efforts to determine improvements over the long term.

"Because Scotiabank support of the breakfast-feeding programme is heavily based on the link between nutrition and academics, we want to ensure that the content of each meal delivers the right amount of vitamins and minerals needed," said Debbie Clue, the bank's manager for corporate social responsibility, in a release to the media.

Setting Up Shop Downtown

scotia — Fri, 09 Apr 2010 21:34:28 +0000

Scotiabank spearheads loans for downtown businesses

For years, successive administrations have paid lip service to plans to revitalise and develop downtown Kingston. This current administration has tried to encourage ministries to move downtown but there has been marked resistance to that idea.

Scotiabank wins Global Finance award

scotia — Mon, 29 Mar 2010 22:03:05 +0000

Scotiabank has been recognized with an international banking award, winning the title of "Best Emerging Market Bank" in Jamaica for 2010 from Global Finance, a leading international finance and investment magazine.

Bruce Bowen, President and CEO of Scotiabank Jamaica said that "Winning an award like this takes concerted effort from a first-class team dedicated to our customers and communities. We are very proud to receive this recognition for the work our employees do every day to meet the needs of our customers and achieve business success."

Scotia DBG lands top strategists

scotia — Wed, 24 Mar 2010 20:33:35 +0000

Scotia DBG Investments Limited has successfully recruited two of Jamaica's top investment strategists, Dr Adrian Stokes and Jason Morris, trumping efforts by Victoria Mutual who had been after the two men for its team.

The two men, who resigned from Jamaica Money Market Brokers Limited on March 5, were expected at that time to join VM Wealth, the investment arm of the private mortgage entity.

Jason Morris

Four pre-qualified for Pegasus

scotia — Wed, 24 Mar 2010 20:25:20 +0000

Scotia DBG Investments has culled four proposals from the dozen received, and will decide in five days, by next Monday, which of them will be invited to bid for majority share of the 310-room Jamaica Pegasus hotel.

The sale is now expected to extend into mid-summer.

Everyone will have to make sacrifices, says Golding

scotia — Mon, 22 Mar 2010 20:55:28 +0000

Prime Minister Bruce Golding has signalled that the new budget will require that Jamaicans undergo 'a dramatic change in culture'.

Speaking at the Scotia DBG Investments Corporate Investment Seminar on Friday at the Terra Nova All- Suite Hotel in Kingston, Golding said that the new budget, less than a week away from being tabled in Parliament, will reflect the strength of the government's resolve to curtail spending, address 'fiscal disorder' and put Jamaica on a path to economic recovery.

Expect more dynamic unit trust market, says Schnoor

scotia — Mon, 22 Mar 2010 20:41:09 +0000

President of the Jamaica Securities Dealers Association, Anya Schnoor, says the new unit trust market will allow the ordinary Jamaican to invest in critical sectors such as infrastructure development, oil and gas and commercial real estate in Jamaica.

Scotiabank adopts C Sharp Band

scotia — Mon, 22 Mar 2010 16:38:44 +0000

Scotiabank recently demonstrated its corporate support of the C Sharp through the Adopt a Band Programme being co-ordinated by Grafton Music Studios.

The bank recently handed over a cheque valued at $500,000 to assist the up-and-coming all male ensemble with training, development and promotional activities.

JHTA exec presses energy efficiency in tourism sector

scotia — Wed, 10 Mar 2010 16:37:11 +0000

Richard Bourke, chairman of the Jamaica Hotel and Tourist Association's (JHTA) Montego Bay chapter, has declared that every Jamaican business must prioritise energy efficiency.

Burke made the statement to owners of small and medium-size enterprises (SMEs) during his keynote address at a workshop on energy efficiency for hotels and tourism-centred companies at the Half Moon resort in Montego Bay on Tuesday.

Schnoor is Executive VP

scotia — Tue, 02 Mar 2010 06:00:00 +0000

Anya Schnoor has been promoted to the post of executive vice-president, wealth management and insurance from her previous role of senior vice-president, wealth management of the Scotiabank Group.

In her new role, Schnoor, who is also chief executive officer of Scotia DBG Investments, will be working closely with Scotiabank's international wealth-management and international insurance groups developing an integrated investment, insurance and private-banking business, while coordinating the implementation across Scotiabank's retail banking platform in Jamaica.

Scotiabank Executive Says Used Car Dealers Partnership a ‘Win Win’

admin — Fri, 19 Feb 2010 20:16:06 +0000

- Addresses Quarterly Meeting of Jamaica Used Car Dealers Association.
Scotiabank’s executive vice president for branch banking, Wayne Powell is hailing the new deal that Scotiabank has struck with the Jamaica Used Car Dealers Association, JUCDA as a major ‘win win’ for customer, Scotiabank and the used car dealers.

Read full PDF

Scotiabank Jamaica Invests over $14m in ‘Shining Stars’

admin — Fri, 19 Feb 2010 20:15:41 +0000

Rewards brilliant students from poor backgrounds

Scotiabank will be investing approximately $14.2 million to offer academic assistance, fund scholarships and provide grants this year to approximately 214 students across Jamaica. The students who are currently enrolled in institutions from the primary to tertiary levels in 2010 will receive support for tuition, books, examination fees and other academic expenses.

Read full PDF

Rationalization of Scotia DBG Investments Limited (SDBG) Branches

admin — Fri, 19 Feb 2010 20:14:32 +0000

Scotia DBG announces the closure of the May Pen and Ocho Rios branches effective February 26, 2010 and the reorganization of the Savanna-la-Mar branch as a sub-branch of our Mandeville office.

Read full PDF

Scotia DBG Investments Limited - Disclosure Statement on the JDX

admin — Fri, 19 Feb 2010 20:14:03 +0000

On January 14, 2010, the Government of Jamaica launched a Debt Exchange Offer (JDX) as part of a medium term economic programme to create a platform for sustainable economic growth.

Read full PDF

Scotiabank Launches Breakaway To South Africa

admin — Tue, 16 Feb 2010 21:58:02 +0000

Scotiabank has launched a special 2010 World Cup credit card promotion called ‘Breakaway To South Africa’. Here are the details:

Rallying for Haiti

admin — Tue, 16 Feb 2010 20:34:59 +0000

Heather Goldson (second right), senior vice-president, corporate and public affairs, Scotiabank Group, poses with (from left) Renee Betton of Scotia; Errol Alliman, chairman, Emergency Services Council of the Jamaica Red Cross; Michelle Shaw of Scotia; Rodney Marcellus, minister counsellor of the Embassy of the Republic of Haiti; and Andrea Wilson-Messam, director of finance of RJR Communications Group.

Scotia DBG contracts

scotia — Wed, 10 Feb 2010 20:31:22 +0000

Scotia DBG Investments Limited has announced a contraction of its branches in a move to trim operational costs.

On February 26, Scotia DBG will lock down its offices in May Pen, Clarendon and Ocho Rios, St Ann, and merge the operations of the Savanna-la-Mar branch in Westmoreland with that of the Mandeville outlet in Manchester, making it into a 'sub-branch'.

The three branches operated from leased office space, the company said Tuesday.

Portion of Haiti Crisis Fund at Scotiabank given to Food for the Poor

scotia — Wed, 10 Feb 2010 15:50:32 +0000

The Bank of Nova Scotia Cross Roads Branch in Kingston has become key in the Haiti relief effort in Jamaica. The branch is holding accounts for the Haiti Crisis Fund, from which the RJR Communications Group has made their first disbursement to Food for the Poor by way of two cheques: US$1,000 from the USD account and JD$10 million from the JD account.

The Year 2010

scotia — Tue, 09 Feb 2010 21:12:56 +0000

2010 started with the catastrophic 7.0 earthquake in neighbouring Haiti.

2010 has certainly started with a bang with the catastrophic 7.0 earthquake in neighboring Haiti, which has resulted in destruction and mayhem but also a great outpouring of kindness and concern for our fellow man. On our own shores we also experienced an earthquake on a much smaller scale and financially we were faced with the Debt Exchange Offer presented by the Government of Jamaica.

Scotiabank Launches SME Navigator Loan – Drastic Reduction in Interest Rates

scotia — Tue, 09 Feb 2010 19:13:47 +0000

Scotiabank has announced the launch of a new low interest loan programme aimed at stimulating development of the Small Medium Enterprise sector (SME sector) over the next twelve months.

Scotiabank Rolls out Interactive ‘Street Smart Street Safe’ Campaign

scotia — Tue, 09 Feb 2010 19:10:18 +0000

Students of the Point Hill Primary and Junior High school in St. Catherine should have a safer journey to school as a Scotiabank and officers from the Jamaica Constabulary Force rolled out the Scotiabank sponsored Street Smart Street Safe Road Safety Campaign to students, teachers and parents at the school last weekend.

Vote for The Teller Series

scotia — Thu, 21 Jan 2010 21:52:23 +0000

Several Teller videos have been entered in the CEllesty Online International Film Festival (CIFF) :

Scotiabank donates to the Haitian earthquake relief

admin — Fri, 15 Jan 2010 21:43:13 +0000

Scotiabank Jamaica is donating $5million to the Red Cross to assist in the provision of international aid to Haiti. The cash donation will then be turned over to the Haitian Red Cross to purchase relief supplies in that country as a way to boost economic activity and pump cash into the already cash strapped system as a further economic fallout is expected. Scotiabank Jamaica’s donation follows closely on that of Scotiabank International which announced a donation of CDN$250,000 also to the Canadian Red Cross Haiti Relief Fund.

Scotiabank Group Named No. 1 FX Provider - in Canada, Costa Rica, Jamaica and Peru

admin — Fri, 15 Jan 2010 21:40:38 +0000

TORONTO, Jan. 14/CNW/ - Scotiabank announced today that it has been acknowledged as the leading foreign exchange provider in Canada, Costa Rica, Jamaica and Peru for 2010.

Global Finance magazine named Scotia Capital as Canada's Best FX Provider for the 6th year in a row, while also acknowledging Scotiabank Costa Rica, Scotiabank Jamaica and Scotiabank Peru as the top FX providers in their respective countries. Criteria for choosing winners include transaction volumes, market share, scope of global coverage, customer service, competitive pricing and innovative technologies.

Golden Cleats, Bolt, Fraser, Francis sprint away with JAAA awards

admin — Thu, 14 Jan 2010 19:36:15 +0000

Usain Bolt and Shelly-Ann Fraser were named Jamaican male and female Athletes of the Year, respectively, while MVP coach Stephen Francis was down to be presented with the Coach of the Year award, at the Jamaica Amateur Athletic Association (JAAA), Scotiabank-sponsored 'Golden Cleats' Awards on the lawns of Jamaica House on January 8, 2010.

According to highly placed sources, the trio was selected by a seven-member panel, which included three Olympians and three sports journalists. The panel was chaired by noted athletic mind, Bernie Panton.

Scotiabank Jamaica supports the Haitian Relief Movement

admin — Wed, 13 Jan 2010 19:30:05 +0000

We have already made three strategic moves in this direction:

All Scotiabank branches and locations are acting as collection point for non perishable food items, clothing and bottled water.
A Haitian Relief account # 822 317 resident at the Cross Roads branch has been opened to collect donations...However, people can deposit from anywhere in the island.

Night for champions

admin — Fri, 08 Jan 2010 15:56:21 +0000

Scotiabank Jamaica will tonight, at 7:30, host what they have dubbed 'The Golden Cleats Awards' to honour Jamaica's top track and field performers in 2009.

The Golden Cleats Awards banquet will be held on the lawns of Jamaica House. The male and female Athletes of the Year, along with the top coach, who have all been selected by a Jamaica Amateur Athletic Association committee, will be announced at the function.

Golden Cuisine for JAAA Awards

admin — Thu, 07 Jan 2010 17:29:18 +0000

The Scotiabank Group in conjunction with the Jamaica Amateur Athletics Association (JAAA) has invited several of the island's top chefs to prepare signature dishes for the inaugural Golden Cleats Awards tomorrow night on the lawns of Jamaica House.

The Golden Cleats will honour the nation's athletes and is a collaborative culinary effort on the part of cuisine masters like Jamaica Observer Food Awards Chef of the Year, Martin Maginley, Half Moon Hotel's executive chef Steve Sowa, and Chef De Cuisine of the property's Sugar Mill restaurant Ravi Anne, to name a few.

Legacy of Gold

admin — Wed, 30 Dec 2009 17:00:23 +0000

Scotiabank Group & JAAA - Jamaica Amateur Athletic Association invite you to give Jamaica's athletes a bullet start by attending...

The Inaugural Golden Cleats Awards

Come out of the blocks and join us on the gracious lawns of Jamaica House for an elegant dinner served up by Jamaica's own award-winning gold medal National Culinary team - each course paired with wines from 1876 Wines, Bin 26 Wine Bar and Lascelles Wines and Spirits - a surprise awaits!

Scotiabank Group Backs Track & Field

admin — Wed, 30 Dec 2009 06:00:00 +0000

Scotiabank Group is partnering with the Jamaica Amateur Athletics Association, JAAA, to raise $1.5 million to improve training facilities for local athletes. The partnership will execute a fund-raising dinner on January 8, 2010, where the JAAA will announce the Track and Field Male & Female Athlete of the Year as well as the Coach of the Year.

Spreading the culture of volunteerism

admin — Tue, 29 Dec 2009 15:18:49 +0000

Scotiabankers making a change in their communities

Can a handful of individuals lead a movement of change that saves the lives of people rushed to emergency rooms in hospitals in Jamaica, build a basic school for children without a place to learn, or construct homes for families living in barely standing structures? "Yes", they say. "We can do it!" It's called volunteerism; responding to the call to help a brother or sister in need. So say the Scotiabank Volunteers.

BOJ slashes Rates!, Unit Trusts Shine!

admin — Tue, 22 Dec 2009 06:00:00 +0000

Since the start of the calendar year, the Government of Jamaica has slashed interest rates by 650 basis points across all tenures forcing investors to reduce their required rate of return on fixed income investments. As such, investors, who in recent months were enjoying above 15% return on Certificate of Deposits (CDs), now have to settle for sub 15% rates through their financial intermediaries. However, this is not the case with fixed income Unit Trust Funds which are still providing competitive returns to investors.

What is a Unit Trust?

Scotia Gift Certificate

admin — Mon, 21 Dec 2009 21:54:13 +0000

It's the one gift that keeps on giving!

A Scotia Gift Certificate is the ideal gift to celebrate life's goals or mark special occasions. It's the one gift your loved ones will appreciate for years to come.

Certificate available through Scotiabank, Scotia Insurance, Scotia Jamaica Building and Scotia DBG Investments Ltd.

Scotiabank group partners with jaaa to improve training facilties for athletes

admin — Fri, 18 Dec 2009 06:00:00 +0000

Scotiabank Group today announced a new partnership with the Jamaica Amateur Athletics Association to host a fund-raising awards event to garner funds to renovate training facilities at the national stadium for track athletes. The fundraiser will also assist in providing new training equipment to benefit hundreds of upcoming athletes from high school and colleges who currently use the facility for training.

Christmas in the City…DOWNTOWN COMES ALIVE!

admin — Tue, 15 Dec 2009 15:44:40 +0000

King Street Downtown Kingston will be turned into an exciting and lucrative shopping corridor, where all retailers and vendors will be organized to attractively display their wares and sell them at specially discounted prices on Wednesday, December 16 from 10 am to 10 pm!

Shoppers doing business in the area will be able to conduct business in a clean, safe and secured environment complete with entertainment and lots of fanfare.

Scotiabank gets sixpicks on all-star team

admin — Thu, 10 Dec 2009 15:26:21 +0000

Newly crowned champions Scotiabank have received six picks on the JNBS/Western Sports Norman Goodison Inter-Bank All-Stars football team, following the just-concluded season.

They are goalkeeper Tavar McQueen, forwards Richard West (league's MVP) and Stephan Bartley (league's leading scorer), defenders Elgin Mitchell and Obrien Scott, along with midfielder Norwayne Knight.

A notable omission from the list is Scotiabank's ace striker, Nicholas McCreath.

Scotia DBG emerges as volume leader

admin — Thu, 10 Dec 2009 15:25:27 +0000

Six active securities contributed to yesterday’s total volume of 64,352 shares with a market value of $1.08 million. Scotia DBG Investments Ltd (SDBG) was the market leader as 25,760 shares changed hands for a value of $34,754. Neal & Massy Holdings Ltd (NML) posted a volume of 17,100 shares with a value of $718,029. National Commercial Bank Jamaica Ltd (NCBJ), Guardian Holdings Ltd (GHL) and ANSA McAL Ltd (AMCL) added 8,500 shares, 7,492 shares and 5,000 shares valued at $8,550, $104,888 and $200,028.20, respectively.

Budgeting tips for survival

admin — Thu, 10 Dec 2009 15:22:49 +0000

Could you be playing ostrich with regard to your spending habits? Making a budget, possibly for one-yearperiods, is a good reality check.

It can help you to see clearly if your spending patterns today will land you in trouble tomorrow.

With a budget as a tool of survival, and, with surgical cuts when necessary, individuals can get the space they need to breathe when disposable income grows less.

For those who are using lines of credit, credit cards, credit-union loans, company loans and salary advances to make up monthly shortfalls, it is time to budget.

BNS ousts NCB Keycard in co-branding coup

admin — Thu, 10 Dec 2009 15:20:11 +0000

PriceSmart, the food and home ware wholesaling club, has advised National Commercial Bank Jamaica Limited (NCB) that use of its Keycard, the only local credit card, will be discontinued as of January 2, 2010.

Customers who called to query the cut are being told by PriceSmart that the membership shopping outfit is offering them a better deal with the Scotiabank/PriceSmart Diamond MasterCard, which comes with a three per cent discount.

Scotiabank Donates $6m to Salvation Army to Finance Outreach Projects

admin — Wed, 09 Dec 2009 14:55:54 +0000

Scotiabank is donating $6 million to the Salvation Army in Jamaica over the next 12 months to expand the Army’s outreach initiatives islandwide. The Bank is making the funds available to the Army to launch its 2009 Christmas Kettle Appeal, support its annual fund-raising dinner and to launch a major charity drive next year called the Big Give to expand the number of thrift shops across Jamaica.

Scotia donates computers to school, youth group

admin — Fri, 04 Dec 2009 14:53:03 +0000

Scotiabank last Tuesday donated 15 new computer systems valuing approximately $1.5 million to two institutions, the William Knibb Memorial High School in Trelawny, and the Youth Reaching Youth Community Outreach Programme in Kingston.

The bank said it partnered with Usain Bolt's management team to equip a new computer lab, which the track star was instrumental in constructing, at his alma mater, William Knibb.

Scotiabank Receives ‘My Hero’ Award From ‘Aid For Aids International’

admin — Tue, 01 Dec 2009 20:50:07 +0000

The Bank concurrently launches a comprehensive, global HIV/AIDS employee policy

Scotiabank today received the ‘My Hero’ awardfrom AID FOR AIDS International, an organization committed to improving the lives of those living with HIV/AIDS in Latin America and the Caribbean. The ‘My Hero’ award recognizes Scotiabank’s efforts in fighting HIV/AIDS across its global network.

Record $11.6b profit for Scotia

admin — Mon, 30 Nov 2009 21:33:55 +0000

Scotia Group Jamaica Limited on Friday an-nounced profit of $11.6 billion, or $3.58 per share, reaffirming itself as king of profit, even in recession at year end, October 31, 2009.

Its results beat that of close rival National Commercial Bank, which made $10.2 billion this year.

Scotia Group will pay out 37 cents per share on the results, amounting to more than $1.15 billion in dividend to be shared with its Canadian parent which owns more than 70 per cent of the banking group, and other minority partners.

Scotia results is a $2-billion premium on the $9.6 billion made in 2008.

Jamaica's economic situation will get better - Scotia chief economist

admin — Mon, 30 Nov 2009 20:36:34 +0000

Jamaica's woeful economic plight has been the subject of much discussion as the country waits with bated breath for the IMF to throw it a lifeline that will serve at best as a temporary panacea. During the course of this month, the three leading rating agencies, Standard&Poor's, Moody's and Fitch have downgraded Jamaica and recommended that it restructures. However, the Chief Economist of Scotia Capital Dr Warren Jestin does not see doom and gloom and believes that Jamaica can get out of its present predicament as the world economy recovers.

Scotiabank Donates 15 Computers to William Knibb High School & ‘Youth Reaching Youth’

admin — Tue, 24 Nov 2009 06:00:00 +0000

November 24, 2009/Kingston: Scotiabank today donated fifteen (15) new computer systems valuing approximately $1.5 million to two institutions, the William Knibb High School in Trelawney and the Youth Reaching Youth Community Outreach Programme in Kingston.

Scotiabank chalk up 12th Inter-Bank title

admin — Fri, 06 Nov 2009 19:22:44 +0000

A hat-trick from former Tivoli Premier League player Richard West and a lone strike from Nicholas McCreath carried defending champions Scotiabank Group to an emphatic 4-0 victory over Jamaica National Building Society (JNBS) in the final of the Norman Goodison Inter Bank football competition Monday at the NWC field in Mona.

Scotia launches subsidiary offering globalised services

admin — Tue, 20 Oct 2009 19:45:37 +0000

Scotiabank Group last week formally launched Scotia Private Client Group (SPCG), its private banking arm and face of Scotiabank's International Wealth Management Division in Jamaica.

In a press release, the firm said that new enhancements to the private banking arm, which has been operational since 2002, will allow clients to access wider wealth management offerings globally. Additionally, clients individualised in-depth consultations will now leverage the international connections of Scotiabank in investment markets.

Scotiabank reduces lending rates for the second time in weeks

admin — Fri, 16 Oct 2009 05:00:00 +0000

Effective November 1, 2009 Scotiabank Jamaica will reduce its base lending rate by one percent, from 20.5% to 19.875%. This will be the lowest loan rate among all the commercial banks locally. This rate reduction is the second one announced by the Bank in the past 11 weeks. On August 3, Scotiabank reduced interest rates from 21.5% to 20.5%.

Scotia's CFO well groomed for new role

admin — Thu, 15 Oct 2009 15:59:53 +0000

After six years at the helm of Scotiabank Jamaica's insurance arm, Jacqueline Sharp says she's focused on playing an even bigger role in the group, as the company's new chief financial officer (CFO).

On October 1, Sharp took on her new role as CFO, replacing Stacie-Ann Wright who resigned earlier this year. Sharp, one of Jamaica's young corporate powers, feels no pressure taking over such an important function at the most profitable listed company on the island.

Scotiabank Launches Stimulus Fund for Productive Sector

admin — Wed, 14 Oct 2009 14:59:53 +0000

Scotiabank today announced the launch of a J$500 million Productive Sector Growth Fund at an interest rate of 9.95% to stimulate production through the creation of new businesses and the expansion of existing businesses. The Productive Sector Growth Fund is divided into two parts, providing $75 million for businesses under two years old and $425 million for businesses wanting to expand and improve production.

Scotiabank Introduces First Prestigious ‘Black’ Credit Card

admin — Wed, 14 Oct 2009 05:00:00 +0000

Scotia Private Client Group, the private banking arm of the Scotiabank Group has launched the most prestigious new credit card in Jamaica called the MasterCard Black. Through an exclusive partnership with MasterCard, Scotiabank is the only financial entity in Jamaica with the ‘black’ card.

MasterCard Black has no limit to how much money customers can spend, it supersedes the Platinum and Gold cards and will only be offered to the top tier clients managed by Scotia Private Client Group. MasterCard Black brings the number of Scotiabank credit cards currently offered to customers to six.

Scotia Private Client Group Launches with Globalized Services

admin — Wed, 14 Oct 2009 05:00:00 +0000

Scotiabank Group today formally launched Scotia Private Client Group, its private banking arm and face of Scotiabank’s International Wealth Management Division in Jamaica. The new enhancements to the private banking arm which has been operational since 2002, will now allow clients to access wider wealth management offerings globally. Additionally, clients individualized in-depth consultations will now leverage the international connections of Scotiabank in investment markets.

Scotiabank Launches Stimulus Fund for Productive Sector

admin — Mon, 12 Oct 2009 05:00:00 +0000

Scotiabankers Outfit Children For New School Year - through major all island school supplies drive

admin — Thu, 17 Sep 2009 05:00:00 +0000

Three hundred (300) needy students from inner-city and deep rural schools across the island will start this 2009/2010 school year with a smile on their face and a brighter outlook, all made possible through the generosity of Scotiabank volunteers.

Scotiabank Trains SMES on Creating Cash Flow & Operational Efficiencies

admin — Wed, 16 Sep 2009 05:00:00 +0000

Scotiabank is assisting small business entrepreneurs to enhance cashflow in their businesses and improve their access to financing by exposing them to training on improving operational efficiencies in their businesses. The Bank recently hosted a workshop entitled: “Creating Cash Flow Through Operational Efficiencies”.

New launch date for Scotia DBG's bond fund

scotia — Wed, 09 Sep 2009 14:08:19 +0000

Investment house Scotia DBG Investments has had a setback in the launch of its regional bond fund, which was originally slated to hit the market two months ago, but it should now come on-stream next month, the firm says.

Scotia Group Leading The Way

scotia — Wed, 02 Sep 2009 20:45:39 +0000

Scotiabank Executive Vice-President Wayne Powell outlined Scotia Group's impressive results in his presentation last Friday whereby net income for the nine months to July 31 was up 22 per cent, at $8.74 billion, split between Bank of Nova Scotia Jamaica Limited profits of $7.517 billion and $953 million from Scotia DBG (SDBG).

Scotia 3Q profit up nearly 40 per cent

scotia — Mon, 31 Aug 2009 16:33:05 +0000

Scotia DBG Investments Limited declares dividends: 30 cents

scotia — Fri, 28 Aug 2009 13:59:21 +0000

Scotia DBG Investments Limited, at a Board of Directors meeting on August 25, 2009 approved a third interim dividend of 30.0 cents per stock unit, payable on October 8, 2009, to stockholders on record as at September 16, 2009. The X-date is September 14, 2009

BNS bad-debt relief - Bank reports high take-up of offers to restructure

scotia — Thu, 20 Aug 2009 21:03:54 +0000

Six months after Bank of Nova Scotia Jamaica (BNSJ) launched a customer-assistance programme designed, it said, to help borrowers weather the recession while arresting growing delinquency, the bank is reporting a high take-up of the offer as well incremental success in reining in non-performing loans.

With some 2,000 of 4,000 contacted clients qualifying and opting for assistance, various arrangements, including skip payment, moratoriums, extended loan periods and additional loans have been taken up by clients, the bank has reported.
It said where the security offered was adequate, some clients received up to 10- and 15-year extensions on their loan repayment periods.

Prime Minister Officially Opens Scotiabank Financial Centre

admin — Thu, 20 Aug 2009 05:00:00 +0000

Prime Minister Bruce Golding and Scotiabank President & CEO Bruce Bowen officially opened the new Scotiabank Group Financial Center on Constant Spring Road in Kingston, on Thursday, August 20.

Scotia manager gets Governor General Achievement Award of Excellence

scotia — Wed, 05 Aug 2009 12:02:23 +0000

Scotia DBG manager of sales and services Vernon Wilson is a 2009 recipient of the Governor General's achievement award of excellence. Wilson is among a group of 10 honored on Independence Day for community service by Governor General Sir Patrick Allen. A Clarendon native, Wilson was a former senior insurance agent and customer service representative.

Scotia DBG to broker Pegasus divestment

scotia — Wed, 05 Aug 2009 11:59:27 +0000

Scotia DBG Investments has been appointed broker and financial advisor for the government's divestment of the Pegasus Hotels of Jamaica.

The government owns the Pegasus through the Urban Development Corporation, but Prime Minister Bruce Golding had given instructions for the asset to be sold.

A notice in Friday's Financial Gleaner invited expressions of interest for the government's 59.81% share-holding in the company.

Euromoney Awards 2009

scotia — Tue, 04 Aug 2009 19:33:13 +0000

Euromoney Awards for excellence 2009 winners announced.

HSBC and Credit Suisse win top honours in Euromoney Awards for Excellence
Josef Ackermann receives Lifetime Achievement Award for Outstanding Contribution to Financial Markets
Scotiabank Jamaica is awarded Best Bank in Jamaica

Bruce Bowen at the Rotary Club of Kingston

scotia — Tue, 04 Aug 2009 19:27:26 +0000

Leadership in a Time of Crisis

Introduction

There are not many places in the world where bankers are actually invited to speak these days. In fact in some parts, banking is a dirty word. So I'm very grateful to head an institution that is not only respected, but at the risk of blowing our own horn, still the safest and strongest financial institution in Jamaica.

ScotiaVolunteers in Action During Child's Month

scotia — Tue, 04 Aug 2009 18:47:31 +0000

This Month - Childs' Month our ScotiaVolunteers from subsidiaries, branches and departments across the Scotiabank Group will be involved in numerous activities focusing on creating a Bright Future for our children and enhancing our image as an institution that cares for children.

Scotiabank and the Inter-American Investment Corporation Come Together to Support Small and Medium Sized Businesses in the Caribbean

scotia — Mon, 03 Aug 2009 05:00:00 +0000

Scotiabank and the Inter-American Investment Corporation (IIC) signed a partnership agreement today to help identify and support high potential small and medium sized businesses (SMEs) across the Caribbean. This partnership represents a solid pillar of the IIC’s FINPYME program (www.finpyme.org).

Bank of Jamaica (BOJ cuts interest rate as T-Bill yield falls - Scotia follows suit

scotia — Mon, 27 Jul 2009 05:00:00 +0000

The Bank of Jamaica on Friday cut interest rates by one percentage point on all its open-market securities, a move that now more closely aligns the returns on its six-month tenor with the current performance of the benchmark treasury.

With the change, the BOJ's most expensive certificate of deposit to primary dealers is priced at 20.5 per cent, down from 21.5 per cent.

Hours later, at market close, Scotiabank Jamaica also announced it was cutting its lending rates by one per cent, effective August 3, from 21.5 per cent to 20.5 per cent to match the BOJ.

Scotiabank reduces lending rates

admin — Fri, 24 Jul 2009 05:00:00 +0000

Effective Monday, August 3, 2009 Scotiabank Jamaica will reduce its base lending rate by one percent, from 21.5% to 20.5%. This is in keeping with the reduction in the Bank of Jamaica interest rate effective Friday, July 24, 2009.

Scotiabank Group President & CEO Bruce Bowen said,

The reduction in our lending rate at this time reflects our commitment to stimulating recovery in all sectors of the economy, at a very challenging time for retail, commercial and corporate borrowers.

Global Finance Names the 2009 World’s Best Internet Banks in Latin America

admin — Tue, 21 Jul 2009 05:00:00 +0000

NEW YORK, July 21, 2009 — Global Finance has announced the First Round winners in the
“World’s Best Internet Banks” competition in Latin America. This is the 10th year Global Finance
has named the World’s Best Internet Banks. Details on all First Round winners will be published in
the September issue. First Round winners include Best Corporate/Institutional Internet Banks and
Best Consumer Internet Banks at the country level. The Regional and Global winners for these
categories will be announced at an Awards Ceremony in New York City in November and published

Scotiabank hosts ‘Adolesence Life Skills’ summer camp

admin — Tue, 21 Jul 2009 05:00:00 +0000

Scotiabank will be hosting a one day developmental summer camp focussed on helping preteen and teens to build behaviour management skills and deal with the pressures high school life at the Montego Bay Community College on Saturday July 24.

Scotiabank Invests Millions in Customer Contact Centre to enhance competitiveness

admin — Mon, 06 Jul 2009 05:00:00 +0000

Scotiabank is positioning its Customer Contact Centres in Jamaica and Trinidad to Caribbean. The bank is investing CND $4.7 million or $J365 million in a majorexpansion project which started this year and will last over the next 5 years.
In Jamaica, the Bank’s existing Customer Contact Centre on Trafalgar Road in New Kingston has seen its staff complement increase from seven staff members in 1999 to165 in 2009. The centre in Trinidad currently employs 53 persons. Both centres are handling calls from customers in 16 Caribbean countries providing service 24 hours - seven days a week.

Scotiabank hosts regional hiv testing day 2009 across the Caribbean - Nine (9) locations in Jamaica offer free testing and counseling

admin — Fri, 26 Jun 2009 05:00:00 +0000

Scotiabank today hosts HIV Regional Testing Day 2009 in branches across the Caribbean region. Jamaicans are invited to nine local branches to participate in private, voluntary HIV counselling and testing conducted by trained and experienced personnel from the Ministry of Health.

Scotiabank Named Best Trade Bank in Central America and the Caribbean

scotia — Wed, 24 Jun 2009 05:00:00 +0000

TORONTO, June 22 /CNW/ - Scotiabank has been recognized as the Best Trade Bank in Central America and the Caribbean by Trade Finance Magazine. Scotiabank becomes the first winner of this new award introduced in 2009.

Scotiabank and the MOH Host HIV Testing Day

admin — Tue, 16 Jun 2009 05:00:00 +0000

In recognition of international testing day, being observed on June 27, Scotiabank and the National HIV/STI Programme (NHP) of the Ministry of Health have joined forces to host a HIV Testing Day in Jamaica on June 26. Nine (9) Scotiabank branches across the island will offer free HIV testing.

Scotiabank Wins Gold Camera Award & Certificates of Excellence - for Road Safety Video from US Film and Video Festival 2009

admin — Mon, 08 Jun 2009 05:00:00 +0000

Scotiabank Jamaica has won a gold camera award and two certificates of excellence for
its road safety instructional video “Street Smart Street Safe” geared at teaching children
to use our major roadways and thoroughfares safely. The video which is produced by the
Bank as part of its overall “Street Smart, Street Safe” campaign is centered around ‘Tia’ a
Street Smart mascot who uses a customized pop song format and trendy dance moves to
reinforce her messages of alertness, respect for and adherence to road rules.

Wilmington Primary Victorious in Grand Final of Scotiabank’s HIV Debating Competition

admin — Mon, 01 Jun 2009 05:00:00 +0000

Student debaters from Wilmington Primary Schools came out victors in the grand final of
Scotiabank Speak Up! Speak Out! HIV & AIDS Debating Competition for 2009 held last
Friday at the Jamaica Pegasus hotel. The Wilmington team survived nine rounds of debates
in the competition and 140 matches to reach the top spot in the competition, which has
been running since February 03, 2009. The team scored 331 points to beat Anchovy

Scotiabank Volunteers in Action - To Create a Brighter Future for Children

admin — Sat, 23 May 2009 05:00:00 +0000

Labour Day 2009 will see over 600 Scotiabank volunteers working in 17 locations across 12 parishes to embark on projects which are focused on creating a brighter future for disadvantaged children and families. The Bank will be spending $4.0 on seven (7) major or national projects which include the construction of two homes for needy families in the disaster struck community of Comfort Castle and remote district of Hurlock in Montego Bay. The team will also be in at least eight (8) basic and primary schools undertaking renovation, expansion and beautification projects.

Scotiabankers Teach ‘Smart Money Management’ in Schools - Jamaica Teachers Day 2009

admin — Wed, 06 May 2009 05:00:00 +0000

As the recession deepens globally and locally Scotiabank has taken the message of smart money management and thrift to teachers and students in schools for Jamaica Teachers Day 2009. Two hundred and fifty (250) Scotiabank volunteers teamed up with representatives from Scotiabank’s wealth management to be teachers for a day in 130
schools across the island. There they conducted lessons centered on preparing a budget, spending wisely, identifying goals and preparing an action plan.

Scotiabank Donates Bus to Mustard Seed - Replaces Stolen Bus which caused 3 deaths at the home

admin — Wed, 22 Apr 2009 05:00:00 +0000

Scotiabank has donated a brand new Nissan Caravan to the Mustard Seed Communities valued at $1.9 million to replace the home’s stolen Toyota Hiace bus. Scotiabank handed over the new bus on Wednesday afternoon at Mustard Seed’s head office at Mahoe Drive in Kingston. The new bus will be used to transport children to and from the home to their medical appointments, school, church services, as well as to pick up regular donations made to the home. The bus will assist the home in preparing for disaster by relocating the children in times of emergencies to safer alternate homes.

Scotiabank Donates ‘Bunk Beds’ to Mustard Seed Communities

admin — Tue, 24 Mar 2009 05:00:00 +0000

Scotiabank today announced the donation of fifteen (15) bunk beds to the Mustard Seed Communities to benefit the over 30 kids who became homeless as a result of a huge fire
which completely destroyed their group home, Martha’s House, on North Street
Downtown Kingston last week Tuesday.

Scotiabank presented the beds along with bed linen, pillows and pillowcases at a cost of
$402,077 at a brief handing over event at Mustard Seed’s head office on 1 Mahoe Drive,
Kingston 11 on Tuesday afternoon.

Scotiabank & PriceSmart Launch New Loyalty Credit Card

admin — Tue, 24 Mar 2009 05:00:00 +0000

Kingston/Jamaica: Scotiabank and PriceSmart have formed a partnership to launch the Scotiabank PriceSmart Diamond MasterCard. The launch of the card today represents the first retail partnership of its kind locally, and will introduce the first store credit card in Jamaica; store credit cards have became popular in North America and Europe over the last decade. The credit card is exclusive to PriceSmart Diamond members.

Anchovy Primary to Face off with Wilmington Primary in Scotiabank HIV Debate Final

admin — Sat, 14 Mar 2009 05:00:00 +0000

The grand final of the 2008-2009 season of the Scotiabank HIV and AIDS Debating Competition is positioned to be an exciting face off between Anchovy Primary from St.James and Wilmington Primary School from St. Thomas. The semi finals of the Debate held in Mandeville on Wednesday saw Anchovy emerging the champions with 343.5 points after they edged out Bromley All Age from St. Mary with 313 points. While Wilmington’s tally of 337 narrowly defeated Christiana Leased’s 334.01.

Scotiabank Acquires Majority Interest in Five Continents Financial Ltd. Cayman Islands

scotia — Fri, 06 Mar 2009 06:00:00 +0000

GRAND CAYMAN, March 6, 2009 – Scotiabank today announced the acquisition of a majority interest in Five Continents Financial Ltd. (FCFL), a leading global asset management company in the Cayman Islands. Terms of the transaction – which closed earlier this week – were not disclosed.

Scotiabank Jamaica Foundation Refurbishes Roof of Emergency Unit - Port Antonio Hospital

admin — Thu, 26 Feb 2009 06:00:00 +0000

The Scotiabank Jamaica Foundation has officially signed off on a $1 million contract to
conduct repairs to the roof of the Scotiabank Jamaica Foundation Accident and Emergency
Unit at the Port Antonio Hospital. The repairs will include stripping and re-installing a new
membrane to the entire surface which will completely seal the roof.

TEJAS Limited was awarded the contract on Monday February 16 after a contract signing
between the company and Mr. Henry Sutherland, Project Administrator, Ministry of Health,
North East Health Authority.

Opportunities in Crisis

scotia — Mon, 09 Feb 2009 06:00:00 +0000

SPEAKING NOTES
Mr. Bruce Bowen
President and CEO, Scotiabank Jamaica
Annual General Meeting
Jamaica Pegasus Hotel

INTRODUCTION
Ladies and Gentlemen, I’m truly honoured to address you, the owners of this venerable institution at this my first Annual General Meeting as President and CEO.

I am especially proud, because at a time when banks around the world are either being bought or seeking a bailout from government, your company continues to be the strongest, and the safest financial institution in Jamaica. A position that we have maintained for 120 years.

Scotiabank one of the world’s top ten performing banks during credit crisis

scotia — Tue, 03 Feb 2009 06:00:00 +0000

Toronto, February 13, 2009 – Scotiabank has been one of the top ten performing banks in the world during the recent credit crisis according to the State of the Financial Services Industry, 2009 prepared by international management consulting firm Oliver Wyman.

In reviewing Scotiabank’s performance, the Oliver Wyman report cited that the Bank’s “robust liquidity and capital position allowed diversification through strategic acquisitions across geographies, business lines and products.”