TORONTO, Canada — Scotiabank has been recognized as the Best Overall Trade Bank in Central America and the Caribbean by Trade Finance Magazine for the fourth time in five years. In addition, Scotiabank was highly commended by the magazine for placing second in the Best Trade Bank in Canada category.
“We are honoured to accept this award from Trade Finance Magazine and would like to thank the readers for recognizing Scotiabank’s outstanding service,” said Paul LeBlanc, senior vice-president, Trade Services and Financial Institutions, Global Transaction Banking (GTB), Scotiabank. “Receiving this award reinforces Scotiabank’s continued success and strength in Central America and the Caribbean and our commitment to providing our clients with industry-leading trade products and services around the world.”
Scotiabank’s GTB unit offers corporate and commercial clients integrated business solutions to support operations in their country of origin and internationally.
“We are dedicated to providing our clients with expanded and integrated trade finance solutions and we are proud to be recognized for our expertise and capabilities in these regions,” LeBlanc added.
The 2013 Best Overall Trade Bank Award represents a combination of reader nominations and a market assessment carried out by Euromoney’s Trade Finance Magazine.
Scotiabank’s GTB business provides financial solutions including cash management, payments, trade finance and correspondent banking services to commercial and corporate clients domestically and around the world by drawing on more than 180 years of banking experience to meet evolving client needs.
Scotiabank, through GTB unit, currently offers a wide variety of domestic and cross-border trade finance solutions including specialized vendor programs, cross-border buyer credits and subsidiary financing.