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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  The Bank of Nova Scotia    BNS   CA0641491075

THE BANK OF NOVA SCOTIA

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Bank of Nova Scotia : Scotiabank completes sale of its operations in the British Virgin Islands to Republic Financial Holdings Limited

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05/30/2020 | 12:55pm EDT
Scotiabank completes sale of its operations in the British Virgin Islands to Republic Financial Holdings Limited May 30, 2020

BVI - May 30, 2020 - Scotiabank announced today that it has completed the previously announced sale of its banking operations in the British Virgin Islands to Republic Financial Holdings Limited ('RFHL'), with an effective closing date of May 31, 2020.

This transaction supports the Bank's strategic decision to focus on operations across its international footprint, where it can achieve greater scale and deliver value for customers.

RFHL is the parent company of a leading financial institution based in Trinidad & Tobago with operations across the Caribbean and Ghana, Africa.

About Scotiabank

Scotiabank is a leading bank in the Americas. Guided by our purpose: 'for every future,' we help our customers, their families and their communities achieve success 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 approximately 97,000 employees and assets of over $1.2 trillion (as at April 30, 2020), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit http://www.scotiabank.com and follow us on Twitter @ScotiabankViews.

For media enquiries only: Laura Mergelas, Global Communications, Scotiabank, laura.mergelas@scotiabank.com, PH: (416) 285-2639

For investor enquiries only: Philip Smith, Investor Relations, Scotiabank, philip.smith@scotiabank.com, PH: (416) 863-2866


Disclaimer

The Bank of Nova Scotia published this content on 30 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 May 2020 16:54:00 UTC

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Financials
Sales 2020 31 635 M 23 287 M 23 287 M
Net income 2020 5 845 M 4 302 M 4 302 M
Net Debt 2020 - - -
P/E ratio 2020 10,9x
Yield 2020 6,42%
Capitalization 67 921 M 49 875 M 49 998 M
EV / Sales 2019
Capi. / Sales 2020 2,15x
Nbr of Employees 97 369
Free-Float 99,0%
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Mean consensus HOLD
Number of Analysts 13
Average target price 60,77 CAD
Last Close Price 56,07 CAD
Spread / Highest target 24,8%
Spread / Average Target 8,38%
Spread / Lowest Target -21,5%
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Managers
NameTitle
Brian Johnston Porter President, CEO & Non-Independent Director
Aaron William Regent Chairman
Loretta Marcoccia Chief Operating Officer, EVP-Global Banking
Rajagopal Viswanathan Chief Financial Officer & Executive Vice President
Michael Zerbs Chief Technology Officer & Group Head
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